IFRS

Business, Legal & Accounting Glossary

Definition: IFRS


Quick Summary of IFRS


International Financial Reporting Standard, issued by the IASB.



Full Definition of IFRS


International Financial Reporting Standards, usually called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board (ISAB) to provide a common global language for business affairs so that company accounts are understandable and comparable across international boundaries. They are a consequence of growing international shareholding and trade and are particularly relevant for companies with shares or securities listed on a public stock exchange. They are progressively replacing the many different national accounting standards.


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https://payrollheaven.com/define/ifrs/
Modern Language Association (MLA):
IFRS. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 04, 2020 https://payrollheaven.com/define/ifrs/.
Chicago Manual of Style (CMS):
IFRS. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/ifrs/ (accessed: July 04, 2020).
American Psychological Association (APA):
IFRS. PayrollHeaven.com. Retrieved July 04, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/ifrs/

Definition Sources


Definitions for IFRS are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 15th February, 2020 | 3 Views.