Comparative analysis between IFRS 9 and IPSAS 41 Financial Instruments
Abstract. The widespread use of IFRS accounting standards often creates the impression that financial reporting revolves solely around corporate interests and profit-driven entities. However, accounting standards are also essential in other sectors, particularly those serving public interests. This...
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| Format: | Article |
| Language: | Bulgarian |
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Knowledge and business
2025-06-01
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| Series: | Икономика и компютърни науки |
| Subjects: | |
| Online Access: | https://eknigibg.net/ojs/index.php/ecs/article/view/23 |
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| Summary: | Abstract. The widespread use of IFRS accounting standards often creates the impression that financial reporting revolves solely around corporate interests and profit-driven entities. However, accounting standards are also essential in other sectors, particularly those serving public interests. This report aims to provide a brief overview of the public sector’s financial landscape and how accounting standards must be adapted to reflect its unique priorities and objectives. The difference between IFRS 9 and IPSAS 41 will be briefly discussed, highlighting key examples of their distinctions.
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| ISSN: | 2367-7791 |