Accountancy, asked by simrandandotiya43, 6 months ago

Briefly explain your understanding of IFRS

Answers

Answered by Sakshi192007

1

Answer:

International Financial Reporting Standards (IFRS) set common rules so that financial statements can be consistent, transparent, and comparable around the world. ... They specify how companies must maintain and report their accounts, defining types of transactions, and other events with financial impact

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