View the history of the Ifrs essay
The International Financial Reporting Standards, IFRS, a set of principles-based accounting criteria developed by the International Accounting Standards Board, IASB, ”, www. ifrs.com mainly focuses on convergence regarding the forms used for tax coverage in different states and facilitating cross-border transactions. Review of accounting studies. This article reviews the literature on the effects of International Financial Reporting Standards and the adoption of IFRS. It aims to provide a coherent picture of empirical archival literature on how the adoption of IFRS affects the quality of financial reporting, capital markets, corporate decision making, stewardship and this method of IFRS can be very accurate because the interest income is compensated with the interest costs. only one entry is shown in the financial statement, while in US GAAP two entries are shown: one for costs and one for revenues. So there is only a difference in the presentation of information BUT the end result will still be. According to the International Reporting Standards, IFRS was preferred to replace US GAAP due to global universality in the middle of financial reporting towards global financial reporting standards. By the end, IFRS had been implemented almost worldwide by more than a hundred countries, and the IASB and FASB had achieved most, if not all, of their objectives. and leads to more value-relevant accounting measures. Thus, the research provides an overview of the history and development of International Financial Reporting Standards (IFRS) is a fascinating journey that has reshaped the global accounting landscape. The story begins with the need for consistent, transparent and comparable financial reporting across international borders. Let's delve into the intricacies of this journey and explore Abstract. Purpose This article examines the theoretical underpinnings of IFRS-related studies and provides directions for theoretical and empirical research. Specifically, we investigate the most important theories. Our contact information. Grant Thornton International Ltd. Square. London. AG. T 44 0 9500. E gtimarketing gti.gt.com.