IFRS Summarized Flowcharts
Prepared by: Muzammil Hussain Korai
They say a picture is worth a thousand words, right?
Well, a flowchart does even more! That’s the idea behind my IFRS summarized flowcharts – short, easy to understand, and totally free.
Why did I create these IFRS flowcharts?
We all know that original International Financial Reporting Standards (IFRS Standards) are quite bulky; each standard consists of hundreds of pages and it takes ages to read and understand that original IFRS.
That’s when I planned to create summaries for those IFRS. However, there was also something else that needed to be done. Text-based summaries were hard to remember as the reader lost the connecting points while going to the next paragraph. Hence, after analyzing different strategies, I came up with these illustration-based summaries of IFRS.
IFRS Summarized Flowcharts Prepared So Far:
I started creating these flowcharts a few months ago and posted them on LinkedIn. Those flowcharts achieved more than 2 million impressions along with bringing more than 13,000 professional connections within 4 months of being uploaded on LinkedIn. To be honest, that was something I had never imagined, and it truly inspired me to work harder and bring more and more such summarized flowcharts of International Financial Reporting Standards to you.
Though a number of IFRS have already been summarized in the format of illustrations, I am trying to add more and more. Hence, stay connected for more! IFRS Summaries prepared so far are as follows:
