Benefits of International Accounting Standards (IAS)

			
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			              International Accounting Standards > Forum > Benefits of International Accounting Standards (IAS)
			            
			              Benefits of International Accounting Standards (IAS)
MBOTA TONGO ETONDE Christophe, Cameroon, Member

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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			                  			Benefits of IAS

															Mukela Namushi Mubano, Accountant, Zambia, Member

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.
			                  		
			                  			Benefits of IAS

															Reynaldo Bonifacio, Accountant, Philippines, Member

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

															David knight, Student (University), Australia, Member

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.
			                  		
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	                            International Accounting Standards
	                          
	                                Summary
	                                ForumBenefits 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
Interpretation of IAS Standards
IAS and 'Fair' Financial Statements
Difference between Indian Accounting Standards and IFRS
International Acconnting Standards for a Public Limited Company
Total Number of IAS Standards?
How People see the Accounting Job

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