IFRS

GPTKB entity

Statements (71)
Predicate Object
gptkbp:instance_of gptkb:standard
gptkbp:bfsLayer 3
gptkbp:bfsParent gptkb:software
gptkbp:aims_to standardize accounting across countries
gptkbp:approves gptkb:2001
gptkbp:based_on principles rather than rules
gptkbp:developed_by gptkb:International_Accounting_Standards_Board
gptkbp:facilitates cross-border investment
https://www.w3.org/2000/01/rdf-schema#label IFRS
gptkbp:includes gptkb:IFRS_1
gptkb:IFRS_2
gptkb:IFRS_3
gptkb:IFRS_15
gptkb:IFRS_16
gptkb:IFRS_9
gptkbp:is_adopted_by gptkb:legislation
gptkb:Argentina
gptkb:Australia
gptkb:Bahrain
gptkb:Brazil
gptkb:Chile
gptkb:Hong_Kong
gptkb:Japan
gptkb:Kuwait
gptkb:Lebanon
gptkb:Malaysia
gptkb:Mexico
gptkb:Monarch
gptkb:Morocco
gptkb:New_Zealand
gptkb:Philippines
gptkb:Politician
gptkb:Qatar
gptkb:Russia
gptkb:Saudi_Arabia
gptkb:Singapore
gptkb:South_Africa
gptkb:Sudan
gptkb:Thailand
gptkb:United_Arab_Emirates
gptkb:Yemen
gptkb:Libya
gptkb:Oman
gptkb:Taiwan
gptkb:Tunisia
gptkb:Native_American_tribe
gptkb:historical_figure
over 140 countries
India (limited adoption)
gptkbp:is_criticized_for complexity
implementation challenges
lack of comparability
gptkbp:is_influenced_by Globalization of business
gptkbp:is_monitored_by gptkb:International_Financial_Reporting_Standards_Foundation
gptkbp:is_part_of financial reporting framework
gptkbp:is_related_to gptkb:GAAP
gptkbp:is_reviewed_by gptkb:International_Financial_Reporting_Standards_Advisory_Council
gptkbp:is_supported_by gptkb:Big_Four_accounting_firms
gptkbp:is_used_by Publicly traded companies
gptkbp:promotes transparency in financial reporting
gptkbp:provides_information_on revenue recognition
financial instruments
insurance contracts
consolidation of financial statements
lease accounting
gptkbp:replaced_by gptkb:International_Accounting_Standards_(IAS)
gptkbp:requires fair value measurement
disclosure of financial information
listed companies in EU
gptkbp:updates to reflect changes in the business environment
gptkbp:volunteer_opportunities private companies