Examlex
The gap refers to the differences between ________.
IFRICs
Interpretations issued by the IFRS Interpretations Committee, providing guidance on the application of International Financial Reporting Standards.
IFRS Accounting Policies
The specific principles, bases, conventions, rules, and practices applied by an entity in preparing and presenting financial statements under International Financial Reporting Standards.
Opening Balance Sheet
A financial statement that shows a company's assets, liabilities, and equity at the beginning of an accounting period.
Convergence Projects
Initiatives aimed at harmonizing different sets of accounting standards and practices across various jurisdictions.
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