International Financial Reporting Standards
GPTKB entity
Properties (54)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Accounting Standards
|
| gptkbp:aimsTo |
Enhance comparability of financial statements
|
| gptkbp:bornIn |
Many countries
|
| gptkbp:developedBy |
gptkb:International_Accounting_Standards_Board
|
| gptkbp:facilitates |
Cross-border investment
|
| https://www.w3.org/2000/01/rdf-schema#label |
International Financial Reporting Standards
|
| gptkbp:improves |
Financial statement reliability
|
| gptkbp:includes |
IFRS 1
IFRS 15 IFRS 9 IFRS 17 IFRS 2 IFRS 3 IFRS 16 IFRS 10 IFRS 11 IFRS 12 IFRS 13 IFRS 14 IFRS 4 IFRS 5 IFRS 6 IFRS 7 IFRS 8 |
| gptkbp:is |
Mandatory in many jurisdictions
Globally recognized Updated regularly Designed to bring consistency to accounting practices A framework for financial reporting A key component of corporate governance A response to globalization of business A set of accounting standards A standard for financial instruments A standard for lease accounting A standard for revenue recognition A subject of ongoing debate and reform A tool for enhancing financial literacy Aimed at investors and other stakeholders Developed to provide a common accounting language Facilitates better decision-making by investors Influential in shaping accounting practices Part of the global financial reporting framework Promotes accountability in financial reporting Subject to interpretation and application Supported by various accounting organizations Used by public companies Adopted_by_many_African_countries Adopted_by_many_Asian_countries Adopted_by_many_South_American_countries Adopted_by_the_European_Union |
| gptkbp:promotes |
Transparency in financial reporting
|
| gptkbp:requires |
Fair value measurement
Disclosure of financial information |
| gptkbp:usedIn |
Financial Reporting
|