FACULTY OF BUSINESS

ACCOUNTING SCHOOL

International Financial Reporting Standards

COURSE:

Financial Accounting

AUTHOR:

TORRES NAVARRO, ROXANA DEL PILAR

TEACHER:

VALLEJOS TAFUR, JUAN BRITMAN

MOYOBAMBA - Perú

(2023)
 ÍNDICE
I. INTRODUCTION…………………………………………………………………………1

II. DEVELOPMENT…………………………………………………………………………2

III. BIBLIGRAFHIC REFERENCES…………………………………………………………3

 INTRODUCTION:
.

As part of my research work, international financial reporting standards will be

disclosed, although it is true that these are the international language on business

results and the passport to quote or omit a debt in intentional markets, since they

are the set of rules to present the financial statements of companies, whose main

purpose is to unify the accounting language among all the countries that participate

in the digital market. The purpose of these standards is that accountants and

companies can present the corresponding accounting information in a standardized

manner and that is understandable by anyone, as long as they know what IFRS are

and how they work.

.

DEVELOPMENT:

International financial reporting standards are used for any type of accounting, I will

mention some of them:

1. They identify profitadle potential:

They focus on knowing the fiscal taxes that must be paid, in the case of those that

are governed by IFRS, they are oriented to evaluate potential opportunities of a

company or business, either for improvement or expansion to generate profits.

2. They unify the accounting language:

This means when accountants from different countries present and interpret

financial information with IFRS, they make their conversation easier because they

are already familiar with the organization and presentation of the figures.

3. They créate a comparable format:

When a company implements such rules, it is easier to compare the numbers with

those of another company. This represents a good advantage because it makes

interaction communication faster to close deals.

4. They promote transparency:

The financial documents that follow such standards faithfully reflect the performance

of a company, whether it is in favor or against it, for which it promotes transparency

and accessibility of data.

5. They optimize bussiness decicions:

The financial statements of a company governed by IFRS provide valuable data for

decision making.

It will allow us to know your financial situation, performance and cash flow. In

addition, match the conditions in which your company's financial statements are

presented with those of your competitors abroad. Knowing all this information allows

you, as an entrepreneur, to make timely and appropriate decisions, taking into

account a standard with which they are made worldwide.

 REFERENCES:

Miriam, E (2022). https://blog.hubspot.es/sales/que-son-

niif#:~:text=Las%20Normas%20Internacionales%20de%20Informaci%C3%B3n,pa
rticipen%20en%20el%20mercado%20global.

Lucia, Martínez (2019). https://blog.alegra.com/que-son-las-niif/

Betty, C (2018). https://www.marcialpons.es/media/pdf/100783156.pdf

Pablo, Golán (2022). https://www.europarl.europa.eu/doceo/document/A-6-2008-

0032_ES.html?redirect

LigiaSantos(2017).https://www.mef.gob.pe/es/?id=2308&option=com_content&lang
uage=es-ES&Itemid=100328&view=article&lang=es-ES