THEORETICAL AND METHODOLOGICAL FOUNDATIONS OF IFRS AND FINANCIAL REPORTING

This scientific article examines the conceptual framework and methodological pillars of International
Financial Reporting Standards. The research focuses on the evolutionary path of financial reporting, transitioning
from historical cost accounting to fair value measurements. It provides a deep dive into the qualitative
characteristics of financial information, the challenges of global convergence, and the systemic gaps in current
implementation processes. By analyzing the interplay between transparency and market efficiency, the study
proposes strategic solutions for enhancing the reliability of financial disclosures in a volatile global economy