In order to simplify comparison of accounts among international users, global trade has resulted in the development of which of the following regulations?
In order to simplify comparison of accounts among international users, global trade has resulted in the development of which of the following regulations?
International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards Board (IASB) that aim to bring consistency to accounting language, practices and statements, and are becoming the global standard for the preparation of public company financial statements. These standards enable international comparisons of financial accounts, making them ideal for simplifying comparison among international users.
International Financial Reporting Standards (IFRS) to simplify the comparison of accounts among international users. IFRS are a set of accounting standards developed by the International Accounting Standards Board (IASB) that are becoming the global standard for the preparation of public company financial statements.