Volume : 6, Issue : 3, March - 2017

INTERNATIONAL FINANCIAL REPORTING STANDARDS -A GLOBAL FINANCIAL REPORTING LANGUAGE

Benny C

Abstract :

<p>&nbsp;<i style="text-align: justify; text-indent: 0.5in;"><span style="font-size:14.0pt;line-height:&#10;150%;font-family:&quot;Times New Roman&quot;,serif">International financial reporting Standards facilitate communication of financial statements and other related financial information to external users. At present there are 16 IFRS. The previously issued international accounting Standards were adopted with some amendments by IASB and were merged with minor changes into the IFRS .The main objectives of IFRS is to maintain accountability, transparency and authenticity.</span></i></p> <p class="MsoNormal" style="text-align:justify;text-indent:.5in;line-height:150%"><i><span style="font-size:14.0pt;line-height:&#10;150%;font-family:&quot;Times New Roman&quot;,serif"><o:p></o:p></span></i></p>