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International Accounting standards

Nige10 · 2008-03-12 23:37:35

Hi all, Im sitting paper P2 in the June exams. I was wondering whats the difference between the Irish variant and the international variant? Is it due to Ireland using uk standards (FRS) where as there are different standards set Internationally(IFRS)?

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13-03-2008 12:37am

#1

Nige10

Closed Accounts Posts: 9 ✭

Join Date: March 2008

Posts: 8

Hi all,

Im sitting paper P2 in the June exams. I was wondering whats the difference between the Irish variant and the international variant?

Is it due to Ireland using uk standards (FRS) where as there are different standards set Internationally(IFRS)?

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#2 13-03-2008 10:09pm
Redsoxfan

Registered Users Posts: 5,265 ✭✭✭

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Posts: 5073

I don't understand your question-all listed Irish companies must report under IFRS.

There are many differences between FRSs and IFRSs-too many to go into in a single thread to be honest.

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#3 14-03-2008 12:17am
Nige10

Closed Accounts Posts: 9 ✭

Join Date: March 2008

Posts: 8

On checking the Irish variant paper from December, it seems that FRS are asked where as in the International variant paper IFRS are asked.

I was wondering is the only differnce in the 2 variants

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