IFRS (International Financial Reports Standards) - meaning and definition. What is IFRS (International Financial Reports Standards)
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What (who) is IFRS (International Financial Reports Standards) - definition

TECHNICAL STANDARD
International Accounting Standards; Ifrs; IFRS; International Accounting Standard; Aifrs; Framework for the Preparation and Presentation of Financial Statements; International Financial Reporting Standards requirements; International Financial Reporting Standard; Requirements of IFRS; IFRS analysis

International Financial Reporting Standards         
International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board (IASB). They constitute a standardised way of describing the company's financial performance and position so that company financial statements are understandable and comparable across international boundaries.
International Standard         
  • Graphic representation of formulae for the pitches of threads of screw bolts
  • Memorial plaque of founding ISA in [[Prague]].
STANDARD DEVELOPED BY INTERNATIONAL STANDARDS ORGANIZATIONS
International standards; International standardization; International Standards; International Standard; International Standardization
<standard> The series of standards from ISO and its subcommitees. [List? Text?] (1995-04-21)
International standard         
  • Graphic representation of formulae for the pitches of threads of screw bolts
  • Memorial plaque of founding ISA in [[Prague]].
STANDARD DEVELOPED BY INTERNATIONAL STANDARDS ORGANIZATIONS
International standards; International standardization; International Standards; International Standard; International Standardization
An international standard is a technical standard developed by one or more international standards organizations. International standards are available for consideration and use worldwide.

Wikipedia

International Financial Reporting Standards

International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board (IASB). They constitute a standardised way of describing the company's financial performance and position so that company financial statements are understandable and comparable across international boundaries. They are particularly relevant for companies with shares or securities listed on a public stock exchange.

IFRS have replaced many different national accounting standards around the world but have not replaced the separate accounting standards in the United States where U.S. GAAP is applied.