International Financial Reporting Standards (IFRS) were created to ensure the consistency and integrity of accounting standards and practices regardless of company or country.
They were issued by the London Accounting Standards Board (IASB) and deal with accounting, reporting and other aspects of financial reporting.
The IFRS system replaced International Financial Reporting Standards (IFRS) in 2001.
IFRS promote greater corporate transparency.
IFRS are not used in all countries; for example, the United States uses generally accepted accounting principles (GAAP).
The Americans with Disabilities Act (ADA) was passed in 1990 to prevent discrimination against people with disabilities in the workplace and in employment.
Autarky refers to a state of self-sufficiency and is commonly used to describe countries or economies that seek to reduce their dependence on international trade.
A Build-Operate-Transfer (BOT) contract is a model used to finance large projects, usually infrastructure projects, developed through a public-private partnership.
Capitalism is an economic system characterized by private ownership of the means of production, especially in the industrial sector, in which labor is paid only according to wages.
The term “discount rate” can refer to either the interest rate the Federal Reserve charges banks for short-term loans or the rate used to discount future cash flows in a discounted cash flow (DCF) analysis.