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Liquidation of companies and IFRS

When it comes to financial reporting, there needs to be consistent compliance in the way it is represented. Studying diploma in IFRS Online Classes brings in a kind of discipline that can make you a top professional. You can become a subject matter expert and at this moment it opens doors for a great career in the finance education industry.<br><br>The best way to studyu00a0IFRSu00a0is through Contetra. It is one of the most trusted companies for taxation and has produced hundreds of rank holders in CA. If you are looking for the diploma in ifrs online course then visit : https://contetra.com/diploma-in-if

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Liquidation of companies and IFRS

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  1. Liquidation of companies and IFRS

  2. Content

  3. What is IFRS ? • IFRS is short for International Financial Reporting Standards. IFRS is the international accounting frame work within which to properly organize and report financial information. • It is derived from the pronouncements of the London-based International Accounting Standards Board • IFRS is used primarily by businesses reporting their financial results anywhere in the world except the United States.Generally Accepted Accounting Principles, or GAAP is the accounting framework used in the United States. GAAP is much more rules-based than IFRS. IFRS focuses more on general principles than GAAP, which makes the IFRS body of work much smaller, cleaner, and easier to understand than GAAP.

  4. What to do • According to the IFRS, in the absence of explicit guidance, an entity's management • Management should choose accounting policies (based on geography, country, or national professional body statements) • One of the standards that an entity could take into account is the pronouncement of the FASB, the body responsible for the issuance, discussion and promulgation of the generally accepted accounting principles in the United States

  5. Disclosure

  6. Global IFRS • Contetra Worldwide's Global IFRS specialist have the benefit of continuing day-to-day experience in IFRS.  • This means that we can bring practical knowledge to IFRS questions raised and help to apply the sometimes complex regulations in a way that minimises the risk of audit adjustments or the detection of accounting errors by national regulators. • If you have any questions relating to these updates or any other aspects of how IFRS may affect your business, please contact a member of the contetra Pvt Ltd.

  7. Conclusion • When it comes to financial reporting, there needs to be consistent compliance in the way it is represented. Studying diploma in IFRS Online Classes brings in a kind of discipline that can make you a top professional. You can become a subject matter expert and at this moment it opens doors for a great career in the finance education industry. • The best way to study IFRS is through Contetra. It is one of the most trusted companies for taxation and has produced hundreds of rank holders in CA. If you are looking for the diploma in ifrs online course then visit : https://contetra.com/diploma-in-ifrs-training/

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