GAAP and IFRS are the two major standards used worldwide. Accounting principles are guidelines companies must follow when recording and reporting accounting transactions. They bring uniformity to ...

Beyond revenue recognition, the third edition introduces several updates to improve alignment with IFRS Accounting Standards. Section 2 Concepts and Pervasive Principles aligns with the IASB’s ...

Akron's net profit under IFRS in the first half of 2024 amounted to RUB 18.68 billion. This is 2% less than in the same period of 2023. In dollar terms, net profit decreased by 17% to $206 million.