Home > Blossary: International Accounting Standards
International accounting standards are the previous set of standards that regulated how specific transactions should be noted in financial statements. International accounting standards are generally abbreviated as "IAS" and were first established by the Board of the International Accounting Standards Committee (IASC)

Category: Business

29 Terms

Created by: rufaro9102

Number of Blossarys: 41

My Terms
Collected Terms
English (EN)
Compare Language

The international standards on auditing focus on the fact that more consistency, comparability and transparency is necessary in order to keep up with increasing cross-border capital movements. The ...

Domain: Business administration; Category: Business management

Events After The Reporting Period contains requirements for when events after the end of the reporting period should be adjusted in the financial statements. Adjusting events are those providing ...

Domain: Accounting; Category: General accounting

Construction Contracts provides requirements on the allocation of contract revenue and contract costs to accounting periods in which construction work is performed. Contract revenues and expenses are ...

Domain: Accounting; Category: General accounting

Income Taxes implements a so-called 'comprehensive balance sheet method' of accounting for income taxes which recognises both the current tax consequences of transactions and events and the ...

Domain: Accounting; Category: General accounting

Segment Reporting requires reporting of financial information by business or geographical area. It requires disclosures for 'primary' and 'secondary' segment reporting formats, with ...

Domain: Accounting; Category: General accounting

Property, Plant and Equipment outlines the accounting treatment for most types of property, plant and equipment. Property, plant and equipment is initially measured at its cost, subsequently measured ...

Domain: Accounting; Category: General accounting

Leases prescribes the accounting policies and disclosures applicable to leases, both for lessees and lessors. Leases are required to be classified as either finance leases (which transfer ...

Domain: Accounting; Category: General accounting

Member comments


( You can type up to 200 characters )

Post  

HeadErika

If you guys have never heard of this before, make sure to check the 5 minute bookkeeping out. All you have to do to is click on the link in the description box down below. Make sure that you guys check it out right away!

03:46, 18 July 2021
My other Blossarys

The Ice Bucket Challenge is a viral phenomenon ...

Category: Entertainment

By: rufaro9102

Inflation is the devastating condition when ...

Category: Business

By: rufaro9102

These are firms which provide an extensive range ...

Category: Business

By: rufaro9102