IFRS Conversion & Consolidation

IFRS Conversion & Consolidation

International Financial Reporting Standards (IFRS) are designed as a common global language for the business affairs so that the accounts are understandable and comparable across international boundaries. They are progressively replacing the many different national accounting standards which were used before for business affairs. It is imperative for the companies which have already performed a diagnostic study for IFRS to revisit their same study, as IFRS is itself moving target and gets regularly updated. They are a consequence of growing international shareholding and trade and are most important for the companies that are dealing n several industries.

Qualitative Characteristics Of Financial Statements:

  • Comparability
  • Verifiability
  • Timelessness
  • Understandability

Elements Of Financial Statements Include:

  • Assets
  • Liability
  • Equity
  • Revenues
  • Expenses etc

Our company is established to provide our clients the best approach for IFRS Convergence through our remarkable service. Trained experts of our company provides 24/7 customer support. Latest modern Equipment & Technology is used in providing the service. Our service is highly acclaimed for its high accuracy and to increase the overall productive qualities ensuring high performance. Service is available in compliance to the variegated needs of the customer.

Requirements Of IFRS That Our Fulfilled Through Our Service Are:

  • Statement of financial position
  • Statement of comprehensive income while reconciles profit or loss on income statement to total overall income
  • Statement of changes in equity (SOCE)
  • Developing cash flow statements

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