-->

Latest Updates

Menu

IFRS



Hi ! I am Vinod. Your accounting teacher . Today, we introduce IFRS in lecture.
1. Conversion of international standard (IAS) into International financial reporting standard in 2001 by International Accounting Standard board ( IASB).

2. IFRS new interpretation has given by International financial reporting interpretation committee ( IFRIC),

3. Remember its 4 assumption

a) Accrual
b) Going concern
c) Measuring unit
d) Constant purchasing power

IFRS Based statement

1. Statement of financial position
2. Income statement
3. Statement of changing in equity
4. Cash flow statement
5. Notes of accounting policies.

Share This:

Vinod Kumar ( Educator )

Vinod Kumar ( Educator ) is founder of this website

No Comment to " IFRS "

  • To add an Emoticons Show Icons
  • To add code Use [pre]code here[/pre]
  • To add an Image Use [img]IMAGE-URL-HERE[/img]
  • To add Youtube video just paste a video link like http://www.youtube.com/watch?v=0x_gnfpL3RM