What is IFRS in Accounting | What are Accounting Standards

Описание к видео What is IFRS in Accounting | What are Accounting Standards

IFRS vs US GAAP
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US GAAP Concepts
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IAS 37 - Provisions, Contingent Liabilities and Contingent Assets
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Key Concepts
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IAS 16: Property, Plant & Equipment
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How is Contingent Liability treated:
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International Financial Reporting Standards (IFRS) are a set of accounting rules for the financial statements of public companies that are intended to make them consistent, transparent, and easily comparable around the world. IFRS have been adopted for use in 120 nations, including those in the European Union.

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