IAS Accounting Standards

Posted in Finance, Accounting and Economics Terms, Total Reads: 1017

Definition: IAS Accounting Standards

The International accounting standards (IAS) are formulated by the International Accounting Standards Committee and it lays the rules that firms have to follow for recording their transactions appropriately in the financial statements.

The objective is for all firms to have a common reporting standard easier for the shareholders and investors to interpret and compare firms with each other along with allowing smoother regulation and auditing of the firms.


Search & Explore : Management Dictionary

Browse the definition and meaning of more terms similar to IAS Accounting Standards. The Management Dictionary covers over 7000 business concepts from 6 categories.

Share this Page on: