Define: IFRS

UK Accounting Glossary

Definition: IFRS


Quick Summary of IFRS


International Financial Reporting Standard, issued by the IASB.



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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/
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IFRS. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 28, 2020 https://payrollheaven.com/define/ifrs/.
Chicago Manual of Style (CMS):
IFRS. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/ifrs/ (accessed: February 28, 2020).
American Psychological Association (APA):
IFRS. PayrollHeaven.com. Retrieved February 28, 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)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd December 2018.