International Financial Reporting Standards (IFRS)
IFRS are the set of accounting standards developed by the International Accounting Standards Board (IASB).
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IFRS aims to provide a common accounting language so that financial statements are consistent, comparable, and reliable across international boundaries.
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IFRS are the required reporting standards for the following companies
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Publicly listed companies in the EU
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Listed and public interest (large, financial, publicly accountable) companies in Canada, Australia, and South Africa
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UK companies listed on the London Stock Exchange (LSE)
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Non-US companies listed on US stock exchanges and not reporting under US GAAP
Objective and concepts for general purpose financial reporting
Business Combinations
IFRS 7
Financial Instruments - Disclosures
IFRS 10
Consolidated Financial Statements
IFRS 13
Fair Value Measurement
IFRS 16
Leases
IFRS 19
Subsidiaries without Public Accountability Disclosures
First-time Adoption of International Financial Reporting Standards
IFRS 5
Non-current Assets Held for Sale and Discontinued Operations
IFRS 8
Operating Segments
IFRS 11
Joint Arrangements
IFRS 14
Regulatory Deferral Accounts
IFRS 17
Insurance Contracts
Share-based Payment
IFRS 6
Exploration for and Evaluation of Mineral Resources
IFRS 9
Financial Instruments
IFRS 12
Disclosure of Interests in Other Entities
IFRS 15
Revenue from Contracts with Customers
IFRS 18
Presentation and Disclosure in Financial Statements