Term of the Day: International Financial Reporting Standards - IFRS

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	INVESTOPEDIA Term Of The Day November 7, 2015 International Financial Reporting Standards - IFRS International Financial Reporting Standards (IFRS) are a set of international accounting standards stating how particular types of transactions and other events should be reported in financial statements. IFRS are issued by the International Accounting Standards Board, and they specify exactly how accountants must maintain and report their accounts. IFRS were established in order to have a common accounting language, so business and accounts can be understood from company to company and country to country. Breaking It Down: The point of IFRS is to maintain stability and transparency throughout the financial world. This allows businesses and individual investors to... Read More Related to "Days Sales Outstanding - DSO" International Financial Reporting Standards - (IFRS) - Video International Financial Reporting Standards (IFRS) are accounting rules and guidelines governing the reporting of... Read More International Reporting Standards Gain Global Recognition Consider it a gift to global investors - the ability, for the first time ever, to make "apples-to-apples" comparisons of... Read More Detecting Financial Statement Fraud Fraudulent financial statements account for about 10% of the white-collar crime incidents reported... Read More Recently Added Definitions Discounted Cash Flow (DCF) Discounted cash flow (DCF) is a valuation method used to estimate the attractiveness of an... Read More Liquidity Liquidity describes the degree to which an asset or security can be quickly bought or sold in... Read More Related Definitions American National Standards Institute - ANSI Encumbrance Profit and Loss Statement (P&L) Trade Credit Operating Cost Past Terms of the Day EBITA Earnings Before Interest & Tax - EBIT Days Sales Outstanding - DSO Days Sales Of Inventory - DSI Tombstone You are currently subscribed as: mondemand.forex@blogger.com Unsubscribe | Manage Subscriptions Investopedia US, A Division of IAC. Copyright © 2015, Investopedia, LLC. All Rights Reserved Follow Us: