IRFS definition

IRFS means International Financial Reporting Standards, International Accounting Standards and interpretations of those standards issued by the International Accounting Standards Board and the International Financial Reporting Standards Interpretations Committee and their predecessor bodies as adopted by the European Commission.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

IRFS international financial reporting standards;

IRFS international financial reporting standards; "Irish Competition Authority", the body corporate known as the Irish Competition Authority as established under the Competition Act;

Examples of IRFS in a sentence

• Other than the Subsidiaries, the Company does not directly or indirectly control any entity through contractual arrangements or otherwise such that the entity would be deemed a consolidated affiliated entity whose financial results would be consolidated under IRFS with the financial results of the Company on the consolidated financial statements of the Company, regardless of whether the Company directly or indirectly owns less than a majority of the equity interests of such person.

• Following the date of this Agreement, the SPAC shall file an exemptive relief application with, and use commercially reasonable efforts to obtain an exemptive relief order from, the SPAC Securities Authorities to allow the financial statements of the SPAC, including the financial statements of the Acquired Companies, to be prepared in accordance with GAAP rather than IRFS.

• Purchaser will take no actions to contravene the terms or intentions of the IRFS Sub Management and Purchase Agreement, and will vote all Purchased Shares and any other IFRS securities owned or controlled by Purchaser to enforce the terms of the IFRS Sub Agreement.

• Propalms will take no actions to contravene the terms of the IRFS Sub Agreement, and will vote all IFRS securities owned or controlled by Propalms to enforce the terms of the IFRS Sub Agreement.

• The presentation of financial information on the basis of IRFS requires management to make estimates and assumptions that affect the amounts reported in the financial information and notes thereto.

• Consequently, the first consolidated balance sheet according to IRFS was prepared as at 30 June 2004 and the Company had not prepared consolidated statements of income, changes in shareholders' equity and cash flows in accordance with IFRS before 30 June 2004.

More Definitions of IRFS

IRFS means the system used to manage: the purchase of invoices from Suppliers, the schedule and remittance of payment (for the invoice) to the Supplier, the calculation of fees and interest, the collection of the amount due from the Remarketer and the relationship between three parties – financier, Supplier and Remarketer.

IRFS means the International Remarketer Financing system, IGF’s commercial processing system.