IFRS (International Financial Report Standart) (BI - 01 - SS - 12)

International Financial Reporting Standards

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Accountancy
Key concepts
Accountant   Accounting period   Accrual Bookkeeping   Cash and accrual basis Cash flow forecasting   Chart of accounts Convergence   Journal   Special journals Constant item purchasing power accounting Cost of goods sold   Credit terms Debits and credits   Double-entry system Mark-to-market accounting   FIFO and LIFO GAAP / IFRS Management Accounting Principles General ledger   Goodwill   Historical cost Matching principle   Revenue recognition Trial balance
Fields of accounting
Cost   Financial   Forensic   Fund   Management Tax (U.S.)
Financial statements
Balance Sheet Cash flow statement   Income statement Statement of retained earnings   Notes Management discussion and analysis   XBRL
Auditing
Auditor's report   Control self-assessment Financial audit   GAAS / ISA   Internal audit Sarbanes–Oxley Act
Accounting qualifications
CIA   CA   CPA   CCA   CGA   CMA   CAT   CIIA IIA   CTP   CFE   CICA   ACCA   CIMA
v   t   e

International Financial Reporting Standards (IFRS) are designed as a common global language for business affairs so that company accounts are understandable and comparable across international boundaries. They are a consequence of growing international shareholding and trade and are particulalrly important for companies that have dealings in several countries. They are progressively replacing the many different national accounting standards.The rules to be followed by accountants to maintain books of accounts which is comaprable, understandable, reliable and relevant as per the users internal or external.

IFRS began as an attempt to harmonise accounting across the European Union but the value of harmonisation quickly made the concept attractive around the world. They are sometimes still called by the original name of International Accounting Standards (IAS). IAS were issued between 1973 and 2001 by the Board of the International Accounting Standards Committee (IASC). On April 1, 2001, the new IASB took over from the IASC the responsibility for setting International Accounting Standards. During its first meeting the new Board adopted existing IAS and Standing Interpretations Committee standards (SICs). The IASB has continued to develop standards calling the new standards International Financial Reporting Standards (IFRS).

Contents   [hide]  1 Framework 2 Role of framework 2.1 Objective of financial statements 2.2 Qualitative characteristics of financial statements 2.3 Elements of financial statements (IAS 1 article 10) 2.4 Recognition of elements of financial statements 2.5 Measurement of the elements of financial statements 2.6 Concepts of capital and capital maintenance 2.7 Concepts of capital 2.7.1 Concepts of capital maintenance and the determination of profit 3 Requirements of IFRS 4 Adoption of IFRS 4.1 Australia 4.2 Canada 4.3 European Union 4.4 India 4.5 Japan 4.6 Montenegro 4.7 Pakistan 4.8 Russia 4.9 Singapore 4.10 South Africa 4.11 Taiwan 4.12 Turkey 5 List of International Financial Reporting Standards 6 See also 7 References 8 Further reading 9 External links

sumber :http://en.wikipedia.org/wiki/International_Financial_Reporting_Standards