Interpretation of IAS Standards

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Interpretation of IAS Standards
Iffat Chaudhry, Manager, Pakistan

International accounting standards cover the best accounting policies and principles, which help and guide users in preparing their financial statements.
But the interpretation of these standards is difficult to comprehend and should be made as simple as possible for better understanding.

Simplifying IAS Standards
JP Taima, Student (University), Papua New Guinea
If it is possible IAS should be made simpler for better understanding of all, especially in accounting. Something has to be done and that will help a lot.

IAS Standards Interpretation
Walter Nyakanyanga, Entrepreneur, Zimbabwe
Accounting standards must be read, understood and followed. There is no way you can present financial statements without complying with GAAP and IFRS. To understand the standards, they must be always studied and understood.

IAS Standards Interpetation
BALDE MariamaCire, Student (MBA), Guinea
In some countries including mine, the International Accounting Standards are just Rules and Principles that students read, but not practice. Even though the accountants know these rules, they aren't easy to understand. .


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