https://www.taxtmi.com/news?id=3511 Adoption and implementation of IFRS are presented as a global shift toward a principles-based financial reporting architecture intended to harmonise accounting across jurisdictions and reduce multinational reporting costs. IFRS comprises post 2001 IFRS, pre 2001 IAS, SIC interpretations and the Conceptual Framework. The IASB is developing and revising standards on financial instrument classification and measurement, loan impairment, hedging, consolidation, offset and revenue recognition, while interpretations continue to refine existing rules, prompting institutions to plan for future mandatory effective dates. en-us Thu, 05 Jul 2012 11:47:15 +0530 Fri, 22 Aug 2025 16:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3511 Adoption and implementation of IFRS are presented as a global shift toward a principles-based financial reporting architecture intended to harmonise accounting across jurisdictions and reduce multinational reporting costs. IFRS comprises post 2001 IFRS, pre 2001 IAS, SIC interpretations and the Conceptual Framework. The IASB is developing and revising standards on financial instrument classification and measurement, loan impairment, hedging, consolidation, offset and revenue recognition, while interpretations continue to refine existing rules, prompting institutions to plan for future mandatory effective dates. News - Thu, 05 Jul 2012 11:47:15 +0530 https://www.taxtmi.com/news?id=3511