Tag: International Accounting Standards Board

GST Software
Updated on March 19th, 2019 in Finance & Accounts

International Financial Reporting Standards (IFRS)

What is IFRS? International Financial Reporting Standards (IFRS) are set of standard rules and regulations introduced by the International Accounting Standards Board (IASB). The main objective behind the introduction of IFRS was to increase consistency, transparency and comparability of financial statements around the globe. What is IASB? IASB or International Accounting Standards Board is a…