International accounting standards explained

• Corporate Author: International Accounting Standards Committee
• Format: Book
• Language: English
• Published: New York John Wiley & Sons 2000(2001 printing)
• Subjects: Accounting > Standards
• Online Access: Click Here to View Status and Holdings.
• Item Description: Includes index
• Physical Description: x, 473 pages 25 cm
• ISBN: 0471720372

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.