MANAGEMENT FUNCTION, ACCOUNTING AND AUDITTING TO INTERNATIONAL STANDARDS

yen kren

Abstract


Financial reporting standards have undergone a significant transformation as a result of the adoption of International Financial Reporting Standards (IFRS). They want to make the company's potential and dangers visible so that other parties and third parties may evaluate the management's goals. The fundamental criteria that management must satisfy while using IFRS for accounting are covered in this article. Management must receive and evaluate management reports to get accurate information about the company's situation in order to make wise strategic decisions. They are helped in this by IFRS 8 Operating Segments (IFRS 8).

References


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