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

Borrowing Costs requires that borrowing costs directly attributable to the acquisition, construction or production of a 'qualifying asset' (one that necessarily takes a substantial period of ...

Domain: Accounting; Category: General accounting

Related Party Disclosures requires disclosures about transactions and outstanding balances with an entity's related parties. The standard defines various classes of entities and people as related ...

Domain: Accounting; Category: General accounting

Accounting and Reporting by Retirement Benefit Plans outlines the requirements for the preparation of financial statements of retirement benefit plans. It outlines the financial statements required ...

Domain: Accounting; Category: General accounting

Consolidated and Separate Financial Statements outlines when an entity must consolidate another entity, how to account for a change in ownership interest, how to prepare separate financial ...

Domain: Accounting; Category: General accounting

Investments in Associates outlines the accounting for investments in associates. An associate is an entity over which an investor has significant influence, being the power to participate in the ...

Domain: Accounting; Category: General accounting

Financial Reporting in Hyperinflationary Economies applies where an entity's functional currency is that of a hyperinflationary economy. The standard does not prescribe when hyperinflation arises ...

Domain: Accounting; Category: General accounting

Interests in Joint Ventures sets out the accounting for an entity's interests in various forms of joint ventures: jointly controlled operations, jointly controlled assets, and jointly controlled ...

Domain: Accounting; Category: General accounting

Member comments


( You can type up to 200 characters )

Post  
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