INTERNATIONAL FINANCIAL REPORTING STANDARDS Definition

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INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS), often known by the older name of International Accounting Standards (IAS), are a set of accounting standards. They are issued by the International Accounting Standards Board (IASB).

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FED BOOK ENTRY is an electronic registration, transfer and settlement system for securities on the Federal Reserve System.

TAX SHELTER are legal methods taxpayers can use to reduce tax liabilities. An example is the use of depreciation of assets.

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