Business, Management and Accounting
8 years ago

Global financial transparency strengthened through International Financial Reporting Standards.

International Financial Reporting Standards
Hennie Van Greuning

Paper Summary

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The International Financial Reporting Standards were developed to improve global financial transparency after the 1998 crisis. The standards provide guidance on accounting principles and practices, with each chapter including a case study to illustrate key concepts. A template is provided to discuss each standard, covering objectives, transactions, accounting principles, and disclosure requirements.