International Accounting Standards (IAS)
International Accounting Standards are a set of guidelines and principles that govern how financial statements are prepared and presented. Initially issued by the International Accounting Standards Committee, these standards were designed to enhance comparability and reliability in financial reporting worldwide
International Accounting Standards (IAS) are a set of accounting standards that were issued by the International Accounting Standards Committee (IASC) and are now maintained by the International Accounting Standards Board (IASB). Here is a list of some of the key IAS:
- IAS 1 - Presentation of Financial Statements
- IAS 2 - Inventories
- IAS 7 - Statement of Cash Flows
- IAS 8 - Accounting Policies, Changes in Accounting Estimates and Errors
- IAS 10 - Events After the Reporting Period
- IAS 11 - Construction Contracts (now replaced by IFRS 15)
- IAS 12 - Income Taxes
- IAS 16 - Property, Plant and Equipment
- IAS 17 - Leases (now replaced by IFRS 16)
- IAS 18 - Revenue (now replaced by IFRS 15)
- IAS 19 - Employee Benefits
- IAS 20 - Accounting for Government Grants and Disclosure of Government Assistance
- IAS 21 - The Effects of Changes in Foreign Exchange Rates
- IAS 23 - Borrowing Costs
- IAS 24 - Related Party Disclosures
- IAS 26 - Accounting and Reporting by Retirement Benefit Plans
- IAS 27 - Separate Financial Statements
- IAS 28 - Investments in Associates and Joint Ventures
- IAS 29 - Financial Reporting in Hyperinflationary Economies
- IAS 32 - Financial Instruments: Presentation
- IAS 33 - Earnings Per Share
- IAS 34 - Interim Financial Reporting
- IAS 36 - Impairment of Assets
- IAS 37 - Provisions, Contingent Liabilities and Contingent Assets
- IAS 38 - Intangible Assets
- IAS 39 - Financial Instruments: Recognition and Measurement (now replaced by IFRS 9)
- IAS 40 - Investment Property
- IAS 41 - Agriculture
