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IFRIC

Forums › ACCA Forums › ACCA BT Business and Technology Forums › IFRIC

  • This topic has 1 reply, 2 voices, and was last updated 13 years ago by ansi.
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  • December 16, 2011 at 6:46 am #51078
    Arora
    Member
    • Topics: 9
    • Replies: 7
    • ☆

    Can u give explain about IFRIC? What is the role of IFRIC?anybody help me…pls..

    December 16, 2011 at 9:01 am #92198
    ansi
    Participant
    • Topics: 121
    • Replies: 805
    • ☆☆☆☆

    lol …gee, why you need it at F1 level :))))

    anyway,
    IFRIC is the International Financial Reporting Interpretations Committee and it’s role is to provide interpretations for some complex matters of IFRS (international financial reporting standards).
    So documents that they issue are called IFRICs and SICs. Sic is the old name , they used it , when IFRIC was called Standing Interpretations Committee.
    You can read more about it at ifrs.org
    https://www.ifrs.org/The+organisation/How+we+are+structured.htm

    https://www.ifrs.org/The+organisation/Members+of+the+IFRIC/About+the+IFRIC.htm

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