The banks, insurance companies, finance companies and listed companies must employ these principles

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IAS / IFRS: What are they? What do these acronyms refer to accounting? Some economic entities, since 2005, are obliged to use accounting principles that aim to improve the presentation of the company. reverso To understand reverso what are the IAS / IFRS, we begin with the full terms:
The banks, insurance companies, finance companies and listed companies must employ these principles. Other companies may choose this option reverso unless you have the ability to draw up abridged balance sheet. Once adopted IAS / IFRS, however, you can not return to national accounting standards.
For a company, when not required by law, should opt for the IAS / IFRS standards? reverso The accounting policies and presentation of company accounts according to these international standards, ensure that benefits are reflected in the company. What is particularly valuable if the company reverso was going in the near future, to enter the capital market and, therefore, to be listed. reverso A return of image, to customers and suppliers. Reliability analysis of the accounts and financial transparency are, therefore, added value and strategic advantage of the use of IAS / IFRS standards. In Italy, in fact, the companies reverso that offer them are a few thousand. A great opportunity to visibility.
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