Accounting

IFRS (International Financial Reporting Standards)

International Financial Reporting Standards

International accounting standards used in 140+ countries, mandatory for listed companies in Europe.

IFRS are issued by the IASB. They favor fair value and economic substance over legal form. Key standards include IAS 1, IAS 7, IFRS 9, IFRS 15 and IFRS 16. CassKai supports IFRS for international groups.

Related terms

PCG (French General Chart of Accounts)SYSCOHADA (OHADA Accounting System)SCF (Algerian Financial Accounting System)
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