International Financial Reporting Standards (IFRS)
GPTKB entity
Statements (48)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Accounting Standards
|
| gptkbp:aimsTo |
Enhance comparability and transparency of financial statements
|
| gptkbp:bornIn |
Over 140 countries
|
| gptkbp:composedOf |
IFRS Standards
|
| gptkbp:developedBy |
gptkb:International_Accounting_Standards_Board_(IASB)
|
| gptkbp:facilitates |
Cross-border investment
|
| gptkbp:firstIntroduced |
2001
|
| https://www.w3.org/2000/01/rdf-schema#label |
International Financial Reporting Standards (IFRS)
|
| gptkbp:includes |
Conceptual Framework for Financial Reporting
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:isAttendedBy |
Many_countries_outside_the_US
|
| gptkbp:isCriticizedFor |
Complexity
Lack of guidance in certain areas |
| gptkbp:isEngagedIn |
gptkb:United_States
|
| gptkbp:isInfluencedBy |
International_Financial_Reporting_Interpretations_Committee_(IFRIC)
|
| gptkbp:isPartOf |
Generally Accepted Accounting Principles (GAAP)
Global Financial Reporting Framework |
| gptkbp:isRecognizedFor |
gptkb:European_Union
|
| gptkbp:isRelatedTo |
Financial Reporting Standards
|
| gptkbp:isReviewedBy |
International_Financial_Reporting_Standards_Advisory_Council_(IFRS_AC)
|
| gptkbp:isSubjectTo |
Periodic reviews and updates
|
| gptkbp:isSupportedBy |
Global_Accounting_Community
|
| gptkbp:isUpdatedBy |
gptkb:International_Accounting_Standards_Board_(IASB)
|
| gptkbp:isUsedBy |
Publicly traded companies
|
| gptkbp:promotes |
Consistency in financial reporting
|
| gptkbp:purpose |
Provide a global framework for how public companies prepare and disclose their financial statements
|
| gptkbp:replacedBy |
International_Accounting_Standards_(IAS)
|
| gptkbp:requires |
Disclosure of accounting policies
Fair presentation of financial statements Management to assess going concern Use of estimates and judgments |
| gptkbp:supports |
Financial statement users
|