International Accounting Standards Explained, Paperback / softback Book

International Accounting Standards Explained Paperback / softback

Paperback / softback

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International Accouting Standards Explained is an introduction to IASC and to the requirements of the IAS.

It outlines how the standards are used on a daily basis by companies in preparation of their financial statements. It offers a detailed description of the International Accounting Standards Committee and how it is structured.

It examines the use of IAS from a practice orientation and looks at the main components of the financial statements, including questions of recognition and measurement of key financial statement items. There is also a discussion of the IASC Framework for the Preparation and Presentation of Financial Statements.

The framework provides a foundation for the development of new standards and is used as reference for applying IAS in the absence of detailed application guidance.

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