What are the 4 principles of IFRS?
IFRS requires that financial statements be prepared using four basic principles: clarity, relevance, reliability, and comparability.
What IFRS means?
International Financial Reporting Standards
Where can I download IFRS Standards?
The IFRS Foundation provides free access (through Basic registration) to the PDF files of the current year's consolidated IFRS® Standards and IFRIC® Interpretations (Part A of the Issued Standards—the Red Book), the Conceptual Framework for Financial Reporting and IFRS Practice Statements, as well as available ...
Are IAS and IFRS the same?
International Accounting Standard (IAS) and International Financial Reporting Standard (IFRS) are the same. The difference between them is that IAS represents old accounting standard, such as IAS 17 Leases . While, IFRS represents new accounting standard, such as IFRS 16 Leases.