"IFRS: The Rules of the Accounting Game, So You Don't Have to Play It Blindfolded" (A Poem on IFRS composed by Jkjiwani)
Of standards for accounting we speak
A framework of rules that we seek
To bring order to numbers and more
And make financial reporting a chore
IFRS, the acronym we use
A set of rules, we cannot refuse
To ensure that financial statements are clear
And that investors have nothing to fear
The global standard, IFRS we say
To present financials in a clear way
To help stakeholders make informed choices
And listen to the markets' various voices
It's a language we speak, a standard we share
To show the world that we're fair and square
IFRS, the benchmark for accounting
Ensures financial information's reliability astounding
In balance sheets, income statements and more
IFRS ensures that there's no hidden score
Transparent and clear, we report with pride
IFRS, the accounting rules we abide.
With IFRS, we can compare
Companies from anywhere
From New York to Paris, from Tokyo to Rome
Their financials we can truly hone
For businesses big and small
IFRS makes it easy to appall
Their finances to investors and lenders
And to comply with all legal tenders
From revenue recognition to leases and more
IFRS covers it all, that's for sure
For consistency and comparability
IFRS is the best accounting ability
So let's embrace IFRS, let it be known
The standard that has grown and grown
For transparency and accuracy
IFRS is the true epitome of accounting supremacy.
With IFRS, the world is connected
Financial reporting is no longer rejected
Investors can compare apples with apples
And make informed decisions, without any hassles
IFRS improves the quality of financial information
Enhancing accountability and investor protection
The standards are principles-based
And ensure that financial reporting is not a race
Adoption of IFRS can be a challenge for some
But it's a necessary change, and we must overcome
It provides a common language and framework
To ensure that financial reports are transparent and not in the dark
Also, IFRS is the way to go
It's the global standard for financial reporting, don't you know?
It ensures accuracy and transparency
And helps investors make decisions with great clarity.
So let us all embrace IFRS with open arms
For it brings uniformity and consistency, and no harm
The rules and regulations it contains
Make financial statements less complex and more plain
From the largest corporations to the smallest businesses
IFRS benefits all with its comprehensiveness
It is a language that we all can speak
And with its use, financial reporting becomes unique
IFRS is not just a set of rules
But a means to manage risks and financial jewels
It promotes the reliability and relevance of financial reports
And helps companies to efficiently run their courts
In the end, we can all agree
That IFRS is the way to financial transparency
It ensures that financial statements are comparable and true
And that companies can be held accountable for what they do
.
In this fast-paced world, IFRS is a must
It ensures that financial reporting is just
A means to communicate financial health
And provide insights to improve wealth
IFRS helps us make informed decision
s And provides a roadmap to financial precision
So let's continue to adopt IFRS with zeal
For it's the global standard of accounting appeal.
Let's make IFRS our guiding light
For financial reporting that's always right
It promotes trust and confidence in the market
And helps businesses to grow and spark it
With IFRS, let's strive for excellence
And achieve financial transparency without any pretense
For it's the path to financial success
And the key to creating a world of progress.
In conclusion, IFRS is the global standard
For financial reporting, it's the commander
It brings clarity and consistency to the fore
And helps investors make decisions that are more
IFRS is a language that we all can speak
And it helps us manage financial risks and keep
Our businesses on track and running well
With accurate and reliable financial info to sell
So let us continue to use IFRS with pride
And embrace its principles, side by side
For it ensures transparency and accountability
And helps us achieve financial stability.
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