IFRS

IFRS are globalization in accounting terms, they establish the measurement criteria of the financial statements of the business; Present and disclose all types of economic and financial transactions that affect the financial position, cash flows, and results of operations of the entire company.
IFRS in any sector that is applied, come to improve the quality of information for decision making.
The adoption by an enterprise of the IFRS (International Financial Reporting Standards) constitutes a complex process of transition and adaptation, far beyond a simple exercise of identification and adjustment of differences between IFRS and accounting principles In use. These standards may in many cases represent a new way of evaluating transactions and business.