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what is IFRS? what are the various differences between IFRS and accounting standards? There are how many number of AS IFRS?

IFRS:- International Financing Reporting Standards are set of accounting standards developed by International Accounting standards Boards (IASB) that os becoming the global for preperation of public financial statements

Difference between International Financial Reporting Standards (IFRS) and Accounting standards(AS)

IFRS refers to International Financial Reporting standards whereas AS refers to Accounting Standards

IFRS Standards where publised from 2001 Onwards, whereas AS were publised between 1973 to 2001

IFRS are issued by IASB(International Accounting Standards Boards) which succeded the IASC (International Accounting Standards Commitee whereas AS are issed from IASC

There are 14 types of IFRS and There are 41 types of AS

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IFRS :-International Financing Reporting Standards are a set of accounting standards developed by International Accounting Standards Boards (IASB) that is becoming the global standards for preperation of public financial statements

International Financing Reporting Standards Accounting Standards

-IFRS refers to International Financing Reporting - AS Refers to Accounting standards

Standards

-IFRS Standards were published from 2001 -AS were published between 1973 and 2001

onwards

-IFRS are issued by the IASB , which succeded -AS are issued from IASC

the IASC (International Accounting standards

Commitee

There are 14 Types of IFRS (International Financing reporting standards)

There are 41 Types of AS(Accounting Standards)

  • 0

IFRS :-International Financing Reporting Standards are a set of accounting standards developed by International Accounting Standards Boards (IASB) that is becoming the global standards for preperation of public financial statements

International Financing Reporting Standards Accounting Standards

-IFRS refers to International Financing Reporting - AS Refers to Accounting standards

Standards

-IFRS Standards were published from 2001 -AS were published between 1973 and 2001

onwards

-IFRS are issued by the IASB , which succeded -AS are issued from IASC

the IASC (International Accounting standards

Commitee

There are 14 Types of IFRS (International Financing reporting standards)

There are 41 Types of AS(Accounting Standards)

  • 1
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