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International Financial Reporting Standards (IFRS) Overview

International Financial Reporting Standards (IFRS) Overview

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Published by Rao Cheedella
IFRS
IFRS

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Published by: Rao Cheedella on Oct 06, 2010
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12/26/2012

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International Financial ReportingStandards (IFRS) Overview
Sambhasiva Rao Venkata Cheedella
IFRS Certified, Senior Consultant, Oracle.
 
IFRS Overview2
Purpose
This document is regarding International FinancialReporting Standards (IFRS), implication on regular  business transactions as per IFRS recommendations. Fewexamples, case studies on IFRS. It is also one goodresource wishing to make use of accounts under IFRS.Implementation pre-requisites on ERP (OracleApplications) to map according to IFRS.
 
IFRS Overview3
Abbreviations
CESR Committee Of European Securities RegulatorsEC European CommissionEEA European Commission Area (EU 27 + 3 countries)EFRAG European Financial Reporting Advisory GroupEITF Emerging Issues Task Force (Of FASB)EU European Union (27 countries)FASB Financial Accounting Standards Board (US)FEE Federation Of European AccountantsGAAP Generally Accepted Accounting PrinciplesIAS International Accounting StandardsIASB International Accounting Standards Board

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