International Financial Reporting Standards (IFRS) Course Overview

International Financial Reporting Standards (IFRF) is a set of international accounting standards that govern how particular types of transactions and other events should be reported in Financial statements. IFRS brings transparency, accountability, and efficiency to Financial statements and works in the public’s interest. Industries and companies use them to standardize their Accounting procedures, thereby promoting transparency and making their Financial statements comprehensible and comparable across international boundaries. By providing a common language for business affairs, it can help companies to take strategic decisions, reduce costs and improve their Capital allocation. IFRS standards are adopted in more than 120 countries globally.