Question

preparation of list of accounting standards and IFRS?????​

Answer 1

Explanation:

IFRS 1- First-time Adoption of International Financial Reporting Standards.

IFRS 2- Share-Based Payment.

IFRS 3- Business Combinations.

IFRS 4- Insurance Contracts.

IFRS 5- Non-current Assets Held for Sale and Discontinued Operations.

IFRS 6- Exploration for and Evaluation of Mineral Resources.

Answer 2

Answer:

120. IFRS are used in at least 120 countries, as of 2020, including those in the European Union (EU) and many in Asia and South America, but the U.S. uses Generally Accepted Accounting Principles (GAAP).