Benefits of International Accounting Standards (IAS)

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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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