Tag: International Financial Reporting Standards

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Updated on May 21st, 2019 in Finance & Accounts

IFRS Convergence

Each nation follows its own accounting standards and policies. In any case, in the previous couple of decades, the worldwide monetary situation has changed drastically. Presently there are transnational organizations that work in numerous countries. So now there is a necessity for a standard that can be accepted worldwide. At this point of situation, IFRS…

Updated on April 4th, 2019 in Finance & Accounts

IFRS ( International Financial Reporting Standards )

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…