International Financial Reporting Standards IFRS 2011

International Financial Reporting Standards IFRS 2011
International Financial Reporting Standard, are accounting standards adopted by the IASB, a private institution based in London. They are international standards or international standards in the development of accounting activity and pose a manual accounting, as defined therein guidelines for accounting of how the world is acceptable.

The rules are known by the acronym IAS and IFRS depending on when they were approved and qualify through the "interpretations" that are known by the acronym SIC and IFRIC.

The accounting standards issued between 1973 and 2001, are called "International Accounting Standards" (IAS) were issued by the Committee (IASC) International Accounting Standards Committee, the forerunner of the current IASB. Since April 2001, the year of establishment of the IASB, the agency adopted all IAS and continued their development, calling the new rules "International Financial Reporting Standards' (IFRS).



This RED book edition is presented in two parts:

Part A (the Conceptual Framework and requirements) contains the latest version of International Financial Reporting Standards (IFRSs), International Accounting Standards (IASs), and IFRIC and SIC Interpretations.

Part B contains the accompanying documents, such as illustrative examples, implementation guidance, bases for conclusions and dissenting opinions.

This edition does not contain documents that are being replaced or superseded but remain applicable if the reporting entity chooses not to adopt the newer versions early.

Published: 8th March 2011.
Part A is 1344 pages (one book) containing the standards/interpretations and Part B is 1984 pages (one book) containing the accompanying documents, bases for conclusions etc. Total number of pages for Part A and B is 3328 pages.

By: Daniel Figueroa Villalobos
1-1357-0563