• Accounting Standards Iasc Iasb International
    708 words
    "The role and history of the International Accounting Standards Board, including an examination of the Board's evolution and stance on ethics issues." The International Accounting Standards Board, (IASB), began life as the International Accounting Standards Committee (IASC) in the 1973. The IASC was created in June 1973 as a result of an agreement by the accountancy bodies of Australia, Canada, France, Germany, Japan, Mexico, the Netherlands, the United Kingdom and Ireland and the United States....
  • Segmental Reporting Information Segment Segments
    2,757 words
    Index 1 Introduction to segmental reporting 22 Origin of segmental reporting 22. 1 The fineness-theorem 22. 2 Market efficiency theory 22. 3 Agency theory 22. 4 Accounting theory 33 The most important segmental reporting standards 33. 1 International Accounting Standard 14 (IAS 14) 33. 1. 1 The International Accounting Standards Committee 33. 1. 2 The International Accounting Standards Board 43. 1. 3 IAS 14: Segment reporting 43. 1. 3. 1 Objective of IAS 14 (revised) 43. 1. 3. 2 Applicability...
  • Accounting Financial Statements
    1,692 words
    Preface Financial statements are prepared and presented for external users by many enterprises around the world. Although such financial statements may appear similar from country to country, there are differences which have probably been caused by a variety of social, economic and legal circumstances and by different countries having in mind the needs of different users of financial statements when setting national requirements. These different circumstances have led to the use of a variety of ...
  • Accounting Scandal National Standard
    3,264 words
    I should be guilty of dissembling if I were not to refer to the economic difficulties which have affected Japan recently along with several other countries. I assume that these difficulties have come as a shock to people in Japan because of their contrast with the prolonged period of economic success which preceded them. But they show, as history has shown so often, that the enjoyment of steady uninterrupted growth, over the very long term, is beyond the capacity of nations. Every country, no ma...
  • Accounting Standards International Ifrs Financial
    267 words
    To help you imagine what your company's accounts might look like under International Financial Reporting Standards, we have published fictitious financial statements for various types of entities to illustrate the disclosure and presentation requirements. In May 2002 the International Accounting Standards Board (IASB) published a revised Preface to International Financial Reporting Standards which defines IFRS to include standards and interpretations approved by the IASB as well as International...
  • International Accounting Standards 2005
    2,838 words
    Australian Companies are required to adopt International Accounting Standards by 1 st January 2005. What are the reasons for this move and what problems does it cause for financial reporting by these companies? Before we touch on the reasons and problems on financial reporting by Australian Companies, I shall give a brief introduction of International Accounting Standards and its impact on Australian Companies. Introduction Under the strategy announced by the Financial Reportin...
  • International Accounting For Dcx
    1,545 words
    Business and International Accounting Over the years business has crossed boundaries, spanned over land and ocean, and generally changed the world. As business continues to evolve more broadly on a worldwide level, an introduction of new products, new jobs, and new ways of operating in the business world has occurred. This evolution does not occur without certain complexities developing, which then fuels a search for more effective ways to be successful worldwide. A major impact is in the accoun...
  • Intangible Asset Ias Accounting Standards
    1,338 words
    IASB WEBSITE ACCESSED ON 24/10/2003 12 PM S 38: Intangible Assets IAS 38, Intangible Assets, was approved by the IASC Board in July 1998 and became operative for annual financial statements covering periods beginning on or after 1 July 1999. IAS 38 supersedes: . IAS 4, Depreciation Accounting, with respect to the amortisation (depreciation) of intangible assets; and. IAS 9, Research and Development Costs. In 1998, IAS 39: Financial Instruments: Recognition and Measurement, amended a paragraph of...