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01
Definitions #
A set of global accounting standards that companies use to prepare their financial statements consistently across countries.
Technical The IFRS framework comprising principles-based standards for recognition, measurement, presentation, and disclosure, adopted by over 140 jurisdictions for consolidated reporting.
Example After adopting IFRS accounting, the company’s revenue recognition for long-term contracts changed significantly.
02
Etymology #
IFRS is the acronym for International Financial Reporting Standards, established by the International Accounting Standards Board (IASB) in 2001, replacing the earlier IAS standards.
03
Collocations #
- IFRS compliance 对国际财务报告准则的合规性
- IFRS financial statements 按国际财务报告准则编制的财务报表
- IFRS adoption 采用国际财务报告准则的过程
- IFRS transition 从本地准则转换到 IFRS 的流程
04
Real Business Examples #
- The subsidiary prepared its IFRS accounting records to consolidate with the European parent company.
- IFRS accounting requires fair value measurement for most financial instruments, unlike cost-based local GAAP.
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05
Register & Variants #
- Register: formal
- BrE/AmE: 全球通用
06
Synonyms & Antonyms #
- Synonyms: International Financial Reporting Standards, global accounting standards
- Antonyms: Local GAAP
07
Common Errors #
- 把 IFRS 当作单个标准而非整套框架 IFRS 是由多个具体准则组成的体系，例如 IFRS 15（收入）、IFRS 9（金融工具）
- 忽略 IFRS 的强制性过渡期 采用 IFRS 必须按 IASB 的过渡条款执行，不能临时随意调整
08
Confusable Terms #
- GAAP vs IFRS Accounting
- GAAP 是泛指会计准则体系，IFRS 特指国际准则，而 US GAAP 是美国的特定体系，与 IFRS 在原则与规则上不同
09
Frequently Asked Questions
IFRS 与 US GAAP 的主要区别是什么？?
IFRS 基于原则，更灵活，而 US GAAP 基于规则，更具体；例如收入确认和存货减值处理不同
所有公司都必须用 IFRS 吗？?
不一定，取决于当地监管要求；许多国家要求上市公司采用 IFRS，私人公司可能用本地准则
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