Benefits of International Accounting Standards (IAS)

International Accounting Standards
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International Accounting Standards > Best Practices

MBOTA TONGO ETONDE Christophe, Cameroon
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. (...) Read more? Sign up for free

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  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.

 
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 Leader

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