International Financial Reporting Standards (IFRS)

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IFRS are international accounting standards which stipulate how to account for foreign operations.

This may require that each individual transaction is recorded in a number of currencies.

Published in: Economy & Finance
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International Financial Reporting Standards (IFRS)

  1. 1. Pronto Xi 710 Financials International Financial Reporting Standards (IFRS) What are IFRS? IFRS are international accounting standards which stipulate how to account for foreign operations. This may require that each individual transaction is recorded in a number of currencies. Count in any language? ¥¤$ IFRS is adopted by 120+ nations IFRS Compliant Transition to IFRS in Progress IFRS Applicable to Some Cases Not IFRS Compliant No Stock Exchange No Information In a recent IFRS survey, 66 jurisdictions responded, of which: made public commitments supporting IFRS already adopted IFRSs for nearly all publicly traded companies have either already adopted the IFRS for SMEs or are planning to do so in the near future Talk to us today to find out how Pronto Xi Financials can help you meet IFRS standards, quickly and easily. Find your moment: pronto.net Sources: http://blog.disclosurenet.com/governance-risk-compliance/infographic-ifrs-around-the-world/ http://www.ifrs.org/Alerts/PressRelease/Pages/IFRS-Foundation-charts-progress-towards-global-adoption-of-IFRS-June-2013.aspx

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