17 May, 2025

Information Highway : E-Business

What is E-business? E-business is basically buying and selling goods and services over the electronic platform known as the Internet. This includes not only the sale of goods and services directly over the Internet, but also the use of the Internet to promote and facilitate the sale of goods and services.

E-business can be managed through many different business models depending upon the participant requirements, available technology, and the legal requirements.

IFRS – International Financial Reporting Standards

IFRS: International Financial Reporting Standards are designed as a common international language for business affairs so that company accounts are understandable, comparable, reliable and relevant across international boundaries.

These standards are a consequence of growing international shareholding and trade and are particularly important for companies that have dealings in several countries which are progressively replacing the many different national accounting standards.