IFRS ADVISORY SERVICES

IFRS (International Financial Reporting Standards) or International Accounting Standards are important in financial reporting since they are used by governments all over the world to prepare and present financial statements. The International Financial Reporting Standards (IFRS) are a globally established accounting standard that improves the clarity and comparability of corporate accounts. The adoption of IFRS standards will help organizations simplify and improve their accounting operations.
When a new standard or revision to existing standards is implemented, the impact of International Financial Reporting Standards (IFRSs) on revenue, expenses, assets, and liabilities to an entity must be evaluated in order to understand the impact on - recognition, measurement, and disclosure on revenue, expenses, assets, and liabilities to an entity.