IFRS
Type: noun, acronym
Pronunciation: /eye-eff-ar-ess/ or /i-f-r-s/
Also spelled or known as: International Financial Reporting Standards
Related: Accounting
What does IFRS mean? International Financial Reporting Standards; International accounting standards used by many businesses worldwide.
Music companies may follow IFRS when reporting revenue, catalog valuations, acquisitions, and financial performance.
IFRS synonyms: International Financial Reporting Standards, Global Accounting Standards, Financial Reporting Standards
Example sentence: “The music company prepared its statements under IFRS.”
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