International Accounting Standards Board (IASB)

Definition:

The group that creates and issues the International Financial Reporting Standards (IFRS). It is the successor to the IASC (International Accounting Standards Committee,) which created the IAS (International Accounting Standards).

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Product cycle theory

Theory suggesting that a firm initially establish itself locally and expand into foreign markets in response to foreign demand for its product; over time, the MNC will grow in foreign markets; after... Read More

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