Previously, trading was restricted to specific regions. As time passed, trade expanded beyond borders, and financial reporting underwent significant changes. As business became more global, reporting in accordance with each country's reporting standards became increasingly difficult. The passage of time necessitated the establishment of an international standard for financial reporting. The goal of IFRS was to provide a common accounting language in order to increase transparency in the presentation of financial information. This presentation goes into great detail about this topic. Download to gain a thorough understanding of the subject.

Aparika Sharma

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