Glossary entry (derived from question below)
English term or phrase:
International Financial Reporting Standards
English answer:
IFRS (not IFRSs)
Added to glossary by
jarry (X)
Mar 27, 2007 07:58
17 yrs ago
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English term
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IFRS
English
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Accounting
I am proofing a company's annual report at the moment and the client is insisting that I use IFRSs, instead of my normal IFRS. Isn't it the case that IFRS stands for International Financial Reporting Standards, and is therefore already in the plural form, in which case there is no need to add an extra s?
Responses
| 4 +8 | IFRS |
jarry (X)
|
| 5 +1 | IFRSs is also possible |
Alison Schwitzgebel
|
| 5 +1 | (the customer is always right, but . . .) |
rkillings
|
Responses
+8
12 mins
Selected
IFRS
I haven't come across IFRSs and I read and translate a lot of annual reports. I think your client is barking up the wrong tree or just wants to split hairs.
4 KudoZ points awarded for this answer.
Comment: "Selected automatically based on peer agreement."
+1
3 mins
Alison Schwitzgebel
France
France
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IFRSs is also possible
Hi there!
IFRS is the "new" version of IAS (to put it very roughly). IAS stands for International Accounting Standards. I have also seen IASs used, and I have seen quite some level of debate as to whether that last little s is actually needed. However, at the end of the day I think it's a matter of taste and some people prefer to write it that way.
FWIW
Alison
IFRS is the "new" version of IAS (to put it very roughly). IAS stands for International Accounting Standards. I have also seen IASs used, and I have seen quite some level of debate as to whether that last little s is actually needed. However, at the end of the day I think it's a matter of taste and some people prefer to write it that way.
FWIW
Alison
Peer comment(s):
| agree |
Dave Calderhead
: as rkillings says below, IASB has trademarked IFRSs, but I also agree with Jarry concerning usage
1 hr
|
+1
20 mins
(the customer is always right, but . . .)
It's plain silly to add a little s. No one ever added one to GAAP ("generally accepted accounting principles"), and the IASB itself uses that abbreviation as such as a plural noun.
However, the IASB itself also uses, and has trademarked, "IFRSs", so you can't win!
It's like "euros", except in that case the authority wants you not to use an s in the plural.
However, the IASB itself also uses, and has trademarked, "IFRSs", so you can't win!
It's like "euros", except in that case the authority wants you not to use an s in the plural.
Peer comment(s):
| agree |
jarry (X)
: Standard usage is decisive.
4 mins
|
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