Benefits of International Accounting Standards (IAS)

International Accounting Standards
Knowledge Center

Best Practices

Sign up

MBOTA TONGO ETONDE Christophe
Cameroon

Benefits of International Accounting Standards (IAS)

IAS is an instrument which permits all companies in the world to develop their transparency in the business.
In addition it is a legal framework for the harmonization of accounting standards.

  Mukela Namushi Mubano
Accountant, Zambia
 

Benefits of IAS

Thanks for the insight Mbota. IAS assists in developing good governance in companies and other institutions. It is important that businesses adhere to the dictates of the IAS.

  Reynaldo Bonifacio
Accountant, Philippines
 

Benefits of IAS

It helps a company compare its financial statements against its foreign competitors since it harmonizes/synchronizes the financial reporting standards of the globe.

  David knight
Student (University), Australia
 

Benefits of IAS

The adoption of IAS also enables stakeholders/shareholders to compare results from accounting period to accounting period.
Also it allows for a more informed accountability of senior management on the part of the entity.

Participate and leave a comment
Exchanging your ideas stimulates your personal and professional development. And you can help other people! Please motivate your point of view. You can still edit your comment for 3 hours.

Start a new forum topic

 

More on International Accounting Standards
Summary
Forum
Interpretation of IAS Standards
Difference between Indian Accounting Standards and IFRS
🔥How People see the Accounting Job
Best Practices
Benefits of International Accounting Standards (IAS)
Consequences of Violation of IAS?
Types of Auditing Standards
Influence IAS on IT Systems
Usage of International Accounting Standards (IAS)
How Many Accounting Standards
Role of International Accounting Standards Committee
IAS and 'Fair' Financial Statements
International Acconnting Standards for a Public Limited Company
Total Number of IAS Standards?
Special Interest Group

Are you interested in International Accounting Standards? Sign up for free

Notify your students

Copy this into your study materials:

and add a hyperlink to:

Link to this discussion

Copy this HTML code to your web site:

International Accounting Standards
Knowledge Center



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2021 12manage - The Executive Fast Track. V15.8 - Last updated: 10-5-2021. All names of their owners.