International Financial Reporting Standards (IFRS)
GPTKB entity
Statements (61)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:International_Organization_for_Standardization
|
| gptkbp:aims_to |
enhance comparability of financial statements
provide transparency in financial reporting |
| gptkbp:consists_of |
gptkb:IFRS_standards
IFRIC interpretations SIC interpretations |
| gptkbp:developed_by |
gptkb:International_Accounting_Standards_Board_(IASB)
|
| gptkbp:established_in |
gptkb:2001
|
| gptkbp:facilitates |
cross-border investment
|
| https://www.w3.org/2000/01/rdf-schema#label |
International Financial Reporting Standards (IFRS)
|
| gptkbp:includes |
gptkb:IFRS_1
gptkb:IFRS_15 gptkb:IFRS_16 gptkb:IFRS_9 principles-based approach |
| gptkbp:is |
recognized globally
subject to periodic updates subject to public consultation a framework for financial disclosures a framework for financial reporting a key component of global financial markets a response to globalization of business a set of accounting standards a standard for agriculture a standard for business combinations a standard for earnings per share a standard for employee benefits a standard for financial instruments a standard for financial statement presentation a standard for foreign currency transactions a standard for income taxes a standard for intangible assets a standard for interim financial reporting a standard for investment property a standard for lease accounting a standard for property, plant and equipment a standard for related party disclosures a standard for revenue recognition a standard for segment reporting adopted by many countries outside the US adopted by publicly traded companies aligned with global financial reporting practices designed to be understandable and enforceable developed through a transparent process endorsed by the European Union not mandatory for private companies in some jurisdictions a standard for financial reporting in hyperinflationary economies used for consolidation of financial statements used for financial reporting by listed companies used to prepare financial statements subject to interpretation by the IFRS Interpretations Committee a standard for disclosures of interests in other entities designed to improve the quality of financial reporting influenced by US GAAP |
| gptkbp:promotes |
consistency in financial reporting
|
| gptkbp:provides |
guidance on financial statements
|
| gptkbp:replaces |
gptkb:International_Accounting_Standards_(IAS)
|
| gptkbp:requires |
fair presentation of financial statements
|
| gptkbp:used_in |
over 140 countries
|
| gptkbp:bfsParent |
gptkb:SAP_Financial_Management
|
| gptkbp:bfsLayer |
5
|