IFRS

Originally posted by : Chethan
	Hello   I just wana know what is IFRS???? What are the advantages from it????? Y it is used????? can anyone let me know all these? Thanks in advance.

Well... IFRS is a reporting standard, which is going to implement this financial year and by 2014 will be applicable on all kind of business in india... then everyone will be have to report his financial position according to that.

for more in details you can visit a website - https://www.pironeducation.com - see its IFRS section

They have beautifully cited. Cheers :)