Meaning and objective of IFRS
IFRSs are single set of high quality, understandable and enforceable global accounting standards.
IFRSs are meant to bring a common platform for preparers of financial statements. This would ensure uniformity and comparability of financial statements across the globe. However, there are apprehensions about the use of IFRSs that the objective of comparison may not be fully met. Discuss the limitations that IFRSs may have.
IFRSs are meant to bring a common platform to ensure uniformity and comparability of financial statements across the globe.
many more to come.............
CAclubindia
