- "International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board (IASB)."
The study of accounting principles and practices used in different countries and the differences in accounting standards and regulations across borders.
International Financial Reporting Standards (IFRS): Standards established by the International Accounting Standards Board (IASB) for financial reporting by companies worldwide.
International Accounting Standards (IAS): Standards developed by the International Accounting Standards Committee (IASC) before it was succeeded by the IASB.
International Standards on Auditing (ISA): Standards developed by the International Auditing and Assurance Standards Board (IAASB) to guide the conduct of international auditors.
Currency translation: The process of converting financial statements from one currency to another, considering different currency rates.
Foreign currency transactions: Transactions involving currencies other than the currency of the country where the company is located.
Transfer pricing: The pricing of goods and services transferred between subsidiaries of the same company in different countries.
Double taxation treaties: Agreements between countries to eliminate the double taxation of individuals and entities that operate in different countries.
Taxation: The calculation, reporting, and remitting of taxes, including corporate income tax, value-added tax, payroll tax, and others.
Financial statement analysis: The investigation of financial statements to evaluate the financial health and performance of a company.
Consolidation: The process of combining financial statements of companies that are subsidiaries of a parent company.
Joint ventures: Collaborative business arrangements between two or more companies.
Accounting for mergers and acquisitions: The accounting treatment of mergers and acquisitions, including purchase accounting and pooling of interests.
Corporate governance: The structures and processes used to direct and manage a company.
Ethics in accounting: The study of moral principles relating to accounting practices and behaviors.
Risk management: The identification, assessment, and mitigation of risks associated with international business operations.
International taxation: The study of tax laws and regulations in different countries and their impact on international business operations.
Corporate social responsibility: The concept of businesses taking responsibility for their impact on society and the environment.
Accounting information systems: The development and implementation of information systems to manage accounting data and processes.
Inventory valuation: The process of determining the value of inventory on a company's balance sheet.
Depreciation: The allocation of the cost of an asset over its useful life.
Financial Accounting: This type of accounting deals with presenting the financial statements (balance sheet, income statement, cash flow statement, and statement of stockholders' equity) of an organization to external stakeholders.
Management Accounting: Management accounting focuses on providing information to internal users (e.g., management) for decision-making purposes. It involves preparing budgets, analyzing variances, and forecasting future financial performance.
Cost Accounting: This type of accounting is focused on determining the cost of goods or services. Cost accounting involves calculating job or process costs, identifying variances, and analyzing profitability.
Tax Accounting: Tax accounting deals with the preparation of tax returns and providing advice on tax planning strategies for individuals and organizations.
Auditing: Auditing is a systematic and independent examination of an organization's financial statements to determine if they are presented fairly and in accordance with accounting principles and legal requirements.
Forensic Accounting: Forensic accounting involves using accounting knowledge and skills to investigate financial fraud, embezzlement, and other types of financial crimes.
International Accounting: International accounting focuses on accounting issues related to multinational companies that operate in multiple countries. It involves dealing with different accounting principles, tax laws, and currency exchange rates.
Governmental and Not-for-Profit Accounting: This type of accounting deals with financial transactions and reporting for government agencies and nonprofit organizations. It involves specialized accounting principles and regulations different from those used in the private sector.
Environmental Accounting: Environmental accounting involves quantifying the impact of business activities on the environment, and evaluating environmental costs and benefits.
Social Responsibility Accounting: Social responsibility accounting involves reporting on the social and environmental impact of business activities, and evaluating the company's role in society beyond its financial performance.
- "They constitute a standardised way of describing the company's financial performance and position so that company financial statements are understandable and comparable across international boundaries."
- "They constitute a standardised way of describing the company's financial performance and position so that company financial statements are understandable and comparable across international boundaries."
- "They constitute a standardised way of describing the company's financial performance and position so that company financial statements are understandable and comparable across international boundaries."
- "They are particularly relevant for companies with shares or securities publicly listed."
- "International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board (IASB)."
- "IFRS have replaced many different national accounting standards around the world."
- "IFRS have not replaced the separate accounting standards in the United States where U.S. GAAP is applied."
- "They constitute a standardised way of describing the company's financial performance and position so that company financial statements are understandable and comparable across international boundaries."
- "They constitute a standardised way of describing the company's financial performance and position so that company financial statements are understandable and comparable across international boundaries."
- "They are particularly relevant for companies with shares or securities publicly listed."
- "International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board (IASB)."
- "International Financial Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board (IASB)."
- "IFRS have not replaced the separate accounting standards in the United States where U.S. GAAP is applied."
- "They are particularly relevant for companies with shares or securities publicly listed."
- "They constitute a standardised way of describing the company's financial performance and position."
- "They constitute a standardised way of describing the company's financial performance and position so that company financial statements are understandable and comparable across international boundaries."
- "They constitute a standardised way of describing the company's financial performance and position so that company financial statements are understandable and comparable across international boundaries."
- "IFRS have not replaced the separate accounting standards in the United States where U.S. GAAP is applied."
- "IFRS have not replaced the separate accounting standards in the United States where U.S. GAAP is applied."