IFRS

GPTKB entity

Statements (76)

Predicate	Object
gptkbp:instance_of	gptkb:International_Organization_for_Standardization
gptkbp:aims_to	standardize accounting across countries
gptkbp:approves	gptkb:2001
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:Algeria gptkb:Argentina gptkb:Australia gptkb:Bahrain gptkb:Brazil gptkb:Canada gptkb:Chile gptkb:Egypt gptkb:European_Union gptkb:Hong_Kong gptkb:Japan gptkb:Jordan gptkb:Kuwait gptkb:Lebanon gptkb:Malaysia gptkb:Mexico gptkb:Morocco gptkb:New_Zealand gptkb:Philippines gptkb:Qatar gptkb:Russia gptkb:Saudi_Arabia gptkb:Singapore gptkb:South_Africa gptkb:South_Korea gptkb:Sudan gptkb:Syria gptkb:Thailand gptkb:United_Arab_Emirates gptkb:Vietnam gptkb:Yemen gptkb:Iraq gptkb:Libya gptkb:Oman gptkb:Taiwan gptkb:Tunisia over 140 countries India (limited adoption)
gptkbp:is_based_on	principles rather than rules
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_updated_by	to reflect changes in the business environment
gptkbp:promotes	transparency in financial reporting
gptkbp:provides_guidance_on	revenue recognition financial instruments insurance contracts consolidation of financial statements lease accounting
gptkbp:replaces	gptkb:International_Accounting_Standards_(IAS)
gptkbp:requires	fair value measurement disclosure of financial information listed companies in EU
gptkbp:used_by	Publicly traded companies
gptkbp:volunteers	private companies
gptkbp:bfsParent	gptkb:International_Accounting_Standards gptkb:PBR
gptkbp:bfsLayer	5