IFRS Standards

IFRS Standards (International Financial Reporting Standards) are globally accepted rules and guidelines that companies use to prepare and present their financial statements. They ensure consistency, transparency, and comparability of financial information across different countries and industries. By following IFRS, companies provide clear and reliable financial reports, making it easier for investors, regulators, and other stakeholders to assess their financial health and make informed decisions. These standards cover various aspects of accounting, such as how to recognize revenue, record assets, and disclose liabilities, promoting trust and efficiency in the international financial system.