It’s time now for a further selection of offbeat tweets (as they used to be called) that made reference to “IFRS” in one form or another, presented here in their original form, all typos and oddities and possible obscenities intact (the last installment was here). It’s often noted that Twitter/X isn’t the resource it used to be, and I certainly have that impression: these compilations used to come together easily, but nowadays it’s usually slim pickings. Still, we persevere, even if and when we don’t really know why. First of all, I did momentarily take the following tribute to the “IFRS service” to be referring to IASB staff:

• Over the years I’ve started having a lot more respect for the IFRS service, while having absolute disdain for IAS, IPS, IFS, IRS, and IRPS. These men operate in the most inaccessible regions. The service is not at all fancy, and yet demands a lot of understanding of human-animal-tree relationship, they get paid shit, and yet have managed to conserve large swaths of forests and animals from corruption.

I don’t suppose though that having an office in London’s Canary Wharf exactly qualifies as operating in a “most inaccessible region,” and most of the rest doesn’t fit at all (perhaps the IASB staff would claim to be paid shit, because that’s just human nature). Anyway, this is of course another entry in our occasional survey of “IFRS” being used as an acronym for something else, in this case the Indian Forest Service. I didn’t look up what those other disdained acronyms stand for, although it’s a funny coincidence that someone who respects the current quality of IFRS might theoretically hold the old IAS standards in relative disdain.

I assume the “IFRS” in the following is also something else, although I couldn’t figure out what:

• Kimora Lee Simmons was the only person I interviewed that sent me flowers after our cover story came out. I couldn’t meet her in person so almost didn’t write it, but she advocated for me as an Asian Am writer. It was my first cover story after winning IFRS.

Well, good for her. Someone summed up their year: “Started the year as a Senior Auditor now I’m closing it as an IFRS Manager!” Here’s the accompanying photo:

Ummm, so that’s what the well-dressed IFRS Manager is wearing? An exchange about Taylor Swift (including a suggestion that some people might dislike her music primarily because they don’t understand it) prompted the following:

• Like what we’re not going to do is have #yall insult our intelligence and call us dumb for disliking Taylor’s music. If I can comprehend academic journals and IFRS standards what more Taylor’s lyricism? Just antiblack asf.

On the other hand, I’ve certainly known people whose detailed understanding of IFRS doesn’t save them from having terrible taste in cultural matters. Someone marked the guilty verdict against Sam Bankman-Fried in the following wonderfully imaginative manner:

A comment someone made on that – “US GAAP actually makes more sense than IFRS. Because EBITDA shows you a company’s free cash flow whilst Net Income/Profit is just an accrual concept” – managed to entirely miss the comedic point while simultaneously peddling a spectacular volume of misconceptions. Quite the feat! And here’s a further selection:

• I really hope a good man is dropped in my mailbox. I’m not about to be dribbled by tax legislation and IFRS and a man simultaneously. There’s only one struggle that will yield tangible results.
• Nothing pisses me off than a person calling a house a liability, I can’t be reading these IFRS standards just to then be told a house is a liability
• to whoever came up with the idea to issue ifrs 9, i hope you can’t sleep at night and feel alone + unloved
• Bullied management to transition to IFRS 9 and now I have to prepare the disclosure. Genuinely shot myself in the foot. Yoh changes in accounting policies nywe nywe…
• Took me 5 years, 1 year internship, and 2 years experience in audit, to realize taht I have 0 fuck in accounting. Idc abt balancing the figures, idc wtf the IFRS says, and I have ZERO interest in assuring anything. To sum it up, I fucking hate accounting. I just hate it. I do.
• I am passionate about IFRS or rather Accounting and for some strange reason something tells me deep down that I am going to make an interesting discovery one day. Who knows it may lead to the Nobel Prize. Our dreams are valid.

(And this is me) That may be true, although if a Nobel Prize is ever awarded for accounting, I’d like to think I’d be in the running for a piece of it. That’s it for today –  I’m off now to put on my IFRS Manager garb. See you at the pool!

The opinions expressed are those of all our secret selves, no doubt…