Accounting is an important activity to understand the financial health of an organisation and determines the business activities. The two most common accounting standards are IFRS and GAAP. If you...
If you are an accounts person eager to make a lucrative career in finance and accounts, knowledge of IFRS is very important for you as most countries, including India, are...
Global economy being growing with revolutionary pace, making financial & accounting an emerging one. With the increasing demand of financial management by the organizations, IFRS is gaining popularity globally. IFRS...
Set of standards that are accepted, shared & utilized globally to manage business affairs by making accounts & finances pertinent to organizations easily understood and comparable across the globe are...
Before we begin on the whys and hows of IFRS, let’s learn and know some basics: What is IFRS: International Financial Reporting Standards (IFRS) is a set of accounting standards developed...