International Financial Reporting Standard (IFRS): Principle based Standard

Sanjay Chauhan (IFRS) , Last updated: 09 May 2012 Share Follow on Google News

IFRS are considered a principles based set of standards that establish broad rules for accounting. Rules-based standards such as US GAAP have an accounting rule for almost every type transaction. There are various oversight bodies whose objective is to roll out accounting for every new tran

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Sanjay Chauhan (IFRS)

IFRS

In the ancient tradition, developing Pragya i.e. Wisdom was the aim of teaching. It is said that a person became wisewhenhe could see what isneeded to be done and do it successfully without being told what to do. Lets begin the passageof Pragya i.e. Wisdom. Visit me on: http://dwellingideas.bl ... Read more

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International Financial Reporting Standard (IFRS): Principle based Standard

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