IFRSssä

IFRSssä is a term that refers to the Finnish translation of International Financial Reporting Standards. These standards are a set of accounting principles and rules developed by the International Accounting Standards Board (IASB) that are used in many countries around the world. IFRS are designed to provide a common global language for business affairs so that company accounts are understandable and comparable across international boundaries.

Companies that are listed on a stock exchange in a country that has adopted IFRS are generally required to prepare their financial statements in accordance with these standards. This ensures consistency and transparency in financial reporting, making it easier for investors, creditors, and other stakeholders to analyze and compare the financial performance and position of different companies. The adoption of IFRS aims to improve the quality of financial information and reduce the cost of capital by facilitating cross-border investment. The specific application and interpretation of IFRS may vary slightly between jurisdictions due to local regulations and practices, but the core principles remain the same.