List of International Financial Reporting Standards

The International Financial Reporting Standards (IFRS) was created with the goal of establishing a global accounting language. IFRS comprises a set of standards that provide guidance and uniform interpretations on how to prepare financial statements, measure financial performance, classify financial information, and present it in a company. In this article, we will explore what the IFRS system entails and provide a list of the latest International Financial Reporting Standards.

​What does the International Financial Reporting Standards (IFRS) include?

The International Accounting Standards (IAS) is a set of accounting standards issued and developed by the International Accounting Standards Committee (IASC) from 1973 to 2001. On April 1, 2001, the International Accounting Standards Board (IASB) was established to replace the IASC. The IASB adopts the existing IAS issued by the IASC and the interpretations from the Standing Interpretations Committee (SIC) as International Financial Reporting Standards (IFRS). The IASB then continues to develop new standards under the name International Financial Reporting Standards (IFRS).

Therefore, in a broad sense, the IFRS system includes:

1. Conceptual Framework for Financial Reporting
2. IAS standards
3. IFRS Accounting standards
4. Interpretations of IAS standards (SIC Interpretations)
5. Interpretations of IFRS Accounting Standards (IFRIC Interpretations)

>>> Learn more at:  What is IFRS? What is the significance of IFRS today?

List of International Financial Reporting Standards (IFRS)

List of IFRS Accounting Standards

List of International Accounting Standards (IAS)

List of IAS standards

List of IFRIC and SIC Interpretations

List of IFRIC & SIC

Conclusion

In conclusion, the list of International Financial Reporting Standards (IFRS) represents a comprehensive set of accounting standards that are widely recognized and adopted globally. With 16 IFRS and 24 effective IAS, this framework provides a consistent and transparent basis for preparing and presenting financial statements. The IFRS system encompasses not only the specific standards but also the Conceptual Framework, and supplementary guidance in the form of IFRIC and SIC Interpretations. We hope that this article has provided you with a more specific understanding of IFRS.

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