International Accounting Standards Explained (Paperback)

Accounting Standards can vary widely from country to country, thus making comparisons of company accounts difficult. Other adverse effects can include higher than necessary preparation costs for multinational companies, who may have to prepare different reports on their operations for different countries. It is clear that such problems and inefficiencies are no longer acceptable either to investors or corporations in an increasingly globalised capital market. International Accounting Standards were written to harmonise all accounting standards throughout the world, improving the ability of investors, creditors, governments, and others to make informed resource allocation and policy decisions. The ISAC Standards are now accepted by almost all leading stock exchanges and many international companies are now preparing their accounts using them.
The G7 Finance Ministers and Central Bank Governors have called on all countries that participate in global capital markets to commit to complying with these universal standards. In May 2000, the International Organisation of Securities Commissions (IOSOC) recommended acceptance of the use of IAS by its members. In June 2000, the European Commission proposed that all listed companies in the EU should be required to prepare their consolidated financial statements using International Accounting Standards.

Using the text from the Standards themselves this book explains clearly and precisely the requirements and use of the Standards in a style that is acceptable to the accountant and non-accountant alike.

General

Imprint:	John Wiley & Sons
Country of origin:	United States
Release date:	October 2000
First published:	December 2000
Authors:	Iasc
Dimensions:	244 x 172 x 26mm (L x W x T)
Format:	Paperback
Pages:	484
ISBN-13:	978-0-471-72037-9
Categories:	Books > Reference & Interdisciplinary > Interdisciplinary studies > Globalization Books > Business & Economics > Finance & accounting > Accounting > Financial reporting, financial statements Promotions
LSN:	0-471-72037-2
Barcode:	9780471720379

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