IFRS – International Financial Reporting Standard
International Financial Reporting Standards (IFRS) are a set of international accounting standards that specify how certain types of transactions and other events should be treated in financial statements.
IFRS were created to have a “common language” for accounting because business standards and accounting practices can differ both from company to company and country to country.
The purpose of IFRS is to maintain stability and transparency in the financial world. This allows businesses and individual investors to make informed financial decisions as they can see exactly what is happening with the company they want to invest in.
Financial Chain Corporation has extensive experience in the preparation of international financial statements. The transfer of accounting and tax policy functionality will allow the CEO of the company to focus on doing business: to achieve great success in the work of the company; pay attention to business processes.