Académique Documents
Professionnel Documents
Culture Documents
This glossary contains short definitions of terms you will find on this website and links to the relevant sections for
more detailed descriptions.
A B C D E F G H IJK L M N O P Q R S T U V W X Y Z
Advisory Bodies
The IASB's formal advisory bodies provide an important channel for the IASB to receive input on its work and to
consult interested parties from a broad range of backgrounds and geographical regions in a transparent manner.
Read more: Advisory Bodies
Adoption
When a country adopts IFRS, it is often necessary to publish the IFRSs in the official gazette, and allow them to be
freely accessed and distributed. The IFRS Foundation recognises this, and will work with the entity that has the legal
authority to set financial reporting standards to ensure that copyright restrictions on the material adopted do not
prevent the adoption of IFRSs.
Read more: Adoption and copyright
Agenda Decision
The IASB, by developing high quality accounting standards, seeks to address a demand for better-quality information
that is of value to all users of financial statements. Betterquality information will also be of value to preparers of
financial statements.
Read more: Agenda Decision
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Board
See the International Accounting Standards Board (IASB).
Read more: Members of the IASB
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Comment letter
The IASB follows a thorough, open and transparent due process of which the publication of consultative documents,
such as Discussion Papers and Exposure Drafts, for public comment is an important component
Read more: Open for comment
Constitution
The IFRS Foundation and its independent standard-setting body, the IASB, provide public accountability through the
transparency of their work, the consultation with the full range of interested parties in the standard-setting process,
and their formal accountability links to the public.
Read more: Constitution
Consultative groups
Consultative groups give the International Accounting Standards Board (IASB) access to additional practical
experience and expertise. The IASB normally establishes consultative groups for its major projects.
Read more: Convergence between IFRSs and US GAAP
Convergence
The IASB and the US Financial Accounting Standards Board (FASB) have been working together since 2002 to
achieve convergence of IFRSs and US generally accepted accounting principles (GAAP). A common set of high
quality global standards remains a priority of both the IASB and the FASB.
Read more: Convergence between IFRSs and US GAAP
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Discussion Paper
Although a Discussion Paper is not mandatory, the IASB normally publishes it as its first publication on any major
new topic to explain the issue and solicit early comment from constituents.
Read more: Development and publication of a Discussion Paper
Draft Interpretation
IASB members have access to all IFRS Interpretations Committee agenda papers. They are expected to comment on
technical matters as the issues are being considered, particularly if they have concerns about alternatives that the
Interpretations Committee is considering.
Read more: Release of a draft Interpretation
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Education Initiative
The objective of the education initiative is to reinforce the IFRS Foundations goal of promoting the adoption and
consistent application of a single set of high-quality international accounting standards.
Read more: About the IFRS Education Initiative
eIFRS
The online edition of International Financial Reporting Standards (IFRSs) including International Accounting
Standards (IASs), Interpretations (IFRICs/SICs) and accompanying documents
Read more: eIFRS
Current membership of the EEG comprises the emerging economies member countries of the G20 and Malaysia.
Read more: Emerging Economies Group (EEG)
Exposure Draft
Publication of an Exposure Draft is a mandatory step in due process.
Read more: Development and publication of an Exposure Draft
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practical experience of financial reporting and are established commentators on accounting matters in their own right
or through working with representative bodies in which they are involved.
Read more: Global Preparers Forum (GPF)
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IASB Update
The IASB Update is a staff summary of the tentative decisions reached by the IASB in its public meetings.
Read more: IASB Update
IFRIC Update
IFRIC Update is the newsletter of the IFRS Interpretations Committee and is published as a convenience to the
IASBs constituents.
Read more: IFRIC Update
Interpretations
IFRIC Interpretations are developed in accordance with a due process of consultation and debate, including making
draft Interpretations available for public comment.
Read more: Interpretations
Investor Resources
International Financial Reporting Standards (IFRSs) are aimed at ensuring that financial statements provide
information that existing and potential investors and other capital providers need to make capital allocation decisions.
Although as an investor your priority might not be the standard-setting process, it is important that the IASB gets your
input, because the results of our projects will ultimately influence the information that you get from financial
statements. So that we can better meet your needs, we want to make it as easy as possible for you to provide input
on our work. Detailed accounting background or knowledge is not a requirement to speak to us about or provide
feedback on our projects and proposals.
Read more: Investor Resources
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Meetings Diary
The calendar lists forthcoming public events of the IFRS Foundation, the IASB and the IFRS Interpretations
Committee, including their regular meetings, conferences and meetings of working groups or other formal advisory
bodies such as the IFRS Advisory Council. It also contains information such as the meeting agenda, agenda papers
and venue address, as well as details of how to register as an observer or to access the live webcast of the meetings.
Read more: Calendar of public events
Monitoring Board
At the Trustees' meeting in New Delhi, India, on 15 and 16 January 2009 the decision was made to enhance the
organisation's public accountability by establishing a link to a Monitoring Board of public authorities.
Read more: Monitoring Board
Micro-sized Entities
The International Accounting Standards Board (IASB) has developed guidance to help micro-sized entities apply
the IFRS for Small and Medium-sized Entities (SMEs).
Read more: Guidance for micro-sized entities
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Outreach activities
We undertake a range of outreach and stakeholder communication activities to inform and educate, to explain and
clarify our proposals and to provide opportunities for interested parties to discuss and debate them with us. These
activities supplement our formal due process events such as round-table meetings.
Read more: Project-related outreach and stakeholder engagement activities
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Podcasts
We provide audio summaries of Board meetings, project updates and other useful information ('podcasts'). These
provide a high-level overview of the topic and are designed to be listened to on a computer or downloaded to a digital
media player
Read more: Podcast summaries
Policies
The IFRS Foundation has adopted a set of policies and guidance statements that are designed to ensure that the
organisation operates in a way that meets or exceeds the requirements of public interest, meets all legal
requirements, and has an overall beneficial impact on the environment.
Read more: IFRS Foundation Policies
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Redeliberations
Draft Interpretations are made available for public comment for not less than 60 days. All comments received during
the comment period are considered by the IFRS Interpretations Committee before an Interpretation is finalised.
Read more: Comment period and redeliberations
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Snapshots
Snapshot documents are published by the IASB and IFRS Foundation to accompany due process documents. They
provide a high level summary of IASB proposals.
Read more: Library of Snapshot documents
Standard (IFRS)
International Financial Reporting Standards (IFRSs) are developed through an international consultation process, the
"due process", which involves interested individuals and organisations from around the world.
Read more: How we develop IFRSs
Strategy Review
In February 2012 the Trustees of the IFRS Foundation, the oversight body of the IASB, concluded their review of the
strategy of the IFRS Foundation. The review was initiated at the end of 2010 as the IFRS Foundation was entering its
second decade of existence and was a result of the IFRS Foundations second Constitution Review that was
completed in early 2010.
Read more: Strategy Review
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Taxonomy
Taxonomy in general means a catalogue or a set of rules for classification; in XBRL, a taxonomy is a dictionary,
containing computer-readable definitions of business reporting terms as well relationships between them and links
connecting them to human-readable resources (metadata); a typical taxonomy consists of a schema (or schemas)
and linkbases; a set of taxonomies that can be discovered from one entry point schema is called DTS.
Read more: XBRL and IFRS
Translations
Translation is a necessary and vital part of achieving the IFRS Foundation's mission to develop a single set of highquality global accounting standards for use around the world.
Read more: The IFRS Foundation and its translation policies
Trustees
The Trustees promote the work of the International Accounting Standards Board (IASB) and the rigorous application
of IFRSs but are not involved in any technical matters relating to the standards. This responsibility rests solely with
the IASB.
Read more:Trustees
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U
Unaccompanied IFRS
The IFRS Foundation provides access free of charge to the PDF files of the current year's consolidated IFRSs, (Part
A of the Red Book) the official pronouncements in English as issued by the IASB, as well as available translations of
IFRSs-excluding the accompanying documents-illustrative examples, implementation guidance, bases for
conclusions.
Read more: Unaccompanied IFRSs FAQs
Unaccompanied IAS
International Accounting Standards (IASs) are international financial reporting standards that were created by the
predecessor body of the IASB. These Standards were adopted by the IASB when it took over in 2001 and therefore
form part of the body of IFRS requirements.