Results for tag: "IFRS"

The International Financial Reporting Standards (IFRS) market is a global accounting framework that provides a set of standards, interpretations, and the framework for how public companies prepare and disclose their financial statements. It is used by more than 140 countries, including the European Union, Australia, Canada, and Japan. The IFRS market is overseen by the International Accounting Standards Board (IASB), which is responsible for developing and maintaining the standards. The IFRS market is designed to provide a consistent set of accounting standards that can be used by companies around the world. This helps to ensure that financial statements are comparable across different countries and regions. It also helps to reduce the cost of preparing financial statements, as companies do not need to use different accounting standards for different countries. Some of the major companies in the IFRS market include Microsoft, Apple, Amazon, Alphabet, Facebook, and Johnson & Johnson. Show Less Read more