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Definitions from the WebTerm: IFRSPart of Speech: Noun Sense: International Financial Reporting Standards Description: IFRS refers to a set of accounting standards developed by the International Accounting Standards Board (IASB) to provide a common framework for financial reporting on a global scale. Sample Sentence: Many companies worldwide have adopted IFRS as their reporting framework to ensure consistency and comparability in financial statements. Part of Speech: Adjective Sense: Pertaining to IFRS Description: When used as an adjective, IFRS describes something that is related to or in compliance with the International Financial Reporting Standards. Sample Sentence: The company's financial statements were prepared according to IFRS guidelines, ensuring transparency and accuracy. Part of Speech: Verb Sense: To adopt or implement IFRS Description: When used as a verb, IFRS signifies the action of adopting or implementing the International Financial Reporting Standards. Sample Sentence: The company decided to IFRS its financial reporting to enhance global comparability. Related Products: | ||||
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