Accounting Standards | Learn Accounting: Notes, Procedures, Problems and Solutions

Accounting Standards: Introduction, Procedure, Compliance and Scope | Financial Accounting

In this article we will discuss about:- 1. Introduction to Accounting Standards 2. Indian Accounting Standards 3. Auditors 4. Procedure 5. Compliance 6. Scope 7. Applicability. Contents: Introduction to Accounting Standards Indian Accounting Standards Accounting Standards and Auditors Procedure for Issuing Accounting Standards Compliance with Accounting Standards Scope of Accounting Standards Accounting Standards and their Applicability 1. Introduction to Accounting [...]

By Tanaya S|2018-08-01T10:47:23+00:00August 1, 2018|Accounting Standards|Comments Off

Difference between IFRS and U.S. GAAP | Accounting

In a comparison of IFRS and U.S. GAAP published in September 2005, Deloitte Touche Tohmatsu identified more than 100 differences in the two sets of standards. Exhibit 11.9 summarizes some of these differences. Note that a number of these differences are within the scope of the FASB-IASB convergent s projects and therefore are likely to be eliminated over time. The [...]

By Sahil S|2023-06-21T14:24:44+00:00May 19, 2018|Difference Between|Comments Off

International Accounting Standards Board (IASB) | Accounting

In this article we will discuss about:- 1. Introduction to International Accounting Standards Board 2. International Financial Reporting Standards (IFRS) 3. FASB-IASB Convergence 4. Response to SEC Concept Release. Introduction to International Accounting Standards Board: On completion of its core set of standards, the IASC proposed a new structure that would allow it and national standard setters to better work [...]

By S Chaudhary|2018-05-16T07:35:56+00:00May 16, 2018|IASB|Comments Off

Tag Archives | Accounting Standards

Accounting Standards: Introduction, Procedure, Compliance and Scope | Financial Accounting

Difference between IFRS and U.S. GAAP | Accounting

International Accounting Standards Board (IASB) | Accounting