Amid signs of an alarming plunge in enthusiasm for IFRS, the FT explains the rationale behind the new accounting standards and how they are viewed and used by accountants, investors, companies and analysts.
What are International Financial Reporting Standards?
A set of rules that tell companies what they need to show in their accounts and how the numbers are to be calculated. Also known as international accounting standards, they come in a book that runs to over 2,000 pages and cover everything from cashflow and tax accounting to derivatives and pension fund deficits.
See full Financial Times Briefing (paid registration required). Also see the FT's full IFRS coverage.
Posts
