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IFRS (International Financial Reporting Standards)are set of accounting standards at the internationally level for businesses. they dictate and control the manner and way in which transactions should be presented in the financial statement of businesses. It's main objection is to create a common accounting language between company to company and country to country. The IFRS are developed by the International Acounting Standrads Board (IASB)
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Oct 6th, 2015
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