Interpretation of IAS Standards

International Accounting Standards
Knowledge Center


Iffat Chaudhry
Manager, Pakistan

Interpretation of IAS Standards

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.


JP Taima, Papua New Guinea

Simplifying IAS Standards

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.

Walter Nyakanyanga
Accountant, Zimbabwe

IAS Standards Interpretation

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.

BALDE MariamaCire
Student (MBA), Guinea

IAS Standards Interpetation

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. .

Cebile Sifundza
Student (Other), Swaziland

IAS Standards Development and Interpretation

@Walter Nyakanyanga: True to that. Continuous Professional Development (CPD) is all about that. IFRS... Sign up


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