Ias 29
/ˌaɪˈeɪˈɛs ˈtwɛnti naɪn/
Definitions
- (n.) An International Accounting Standard prescribing the financial reporting requirements in hyperinflationary economies.
Companies applying IAS 29 must restate financial statements to reflect current purchasing power.
Forms
- ias 29
Related terms
See also
Commentary
IAS 29 specifically addresses the challenges of financial reporting in hyperinflationary contexts, guiding how to adjust numbers to preserve comparability and relevance.
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