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What is the fullform of IAS?
Full form of IAS is "International Accounting Standards".
What has the author Barry Jay Epstein written?
Barry Jay Epstein has written: 'Inflation accounting' -- subject(s): Accounting, Replacement of industrial equipment, Cost accounting, Effect of inflation on 'Wiley IAS 99' -- subject(s): Accounting, Standards 'Wiley IAS 2001' -- subject(s): Accounting, Standards
What is the full form of IAS?
THE FULL FORM OF I.A.S. IS INDIAN ADMINISTRATIVE SERVICE
How many international accounting standard do you have in accounting?
There are currently 41 IAS and 9 IFRS. Although not all of the ISAs are still used as they superseded by other standards and made outdated.
Does IAS officer need security?
yes
What are the deferences between accounting theory and IAS?
Accounting theory is a framework for understanding accounting principles and concepts, while IAS (International Accounting Standards) are specific guidelines and rules set by the International Accounting Standards Board for how financial statements should be prepared and presented. Accounting theory provides the foundation for accounting standards, including IAS, by guiding the development of principles and concepts used in accounting practice.
Is cash flow statement required by GAAP?
Yes Cash flow statement is required by GAAP and IAS (international accounting standards) as well.
Which Accounting standard governs treatment of property and equipment?
IAS - 16 Property, Plant and Equipment deals with matters governing of property and equipment.
Whats the accounting treatment of IAS 11 construction contracts?
Some construction contracts are completed with in some months. They start in an accounting year and complete in the same year. So no issue arises about the recognition of revenue and expenses of the contract as both of them will be recognized in the same year. But in accounting life we see that many construction contracts take more than one year to complete or they start in one year and complete in the next one. In these circumstances an issue arises about the recognition of revenue and cost of the contracts. This issue has been resolved by IAS 11. Although IAS 11 is not too difficult but it still contains some technical and detailed concepts. Summary of IAS 11 is prepared in a way that it contains all the important and critical concepts of IAS 11 in a concise way. It is very important for students for revision purpose.
Can engineer become an IAS officer?
definitely any professional whether he belongs 2 engineering field or medicine field can become an IAS officer...the civil service exam or popularly called as IAS exams is a level playing field..there s no bias for arts and engineering background students...surely an engineer can become an IAS officer......
What has the author Alfred Wagenhofer written?
Alfred Wagenhofer has written: 'Internationale Rechnungslegungsstandards--IAS/IFRS' -- subject(s): Accounting, Financial statements, Standards 'Informationspolitik im Jahresabschluss' -- subject(s): Disclosure in accounting, Financial statements
Why income credited in accounts?
According to the IAS (International Accounting Standard) all the transaction in a business are adjusted in five head of accounting which areAssetLiabilitiesExpensesIncomecapitalAnd told us the rule for dabit and credit in all these head of income which are:Particular Increase DecreaseAsset debit creditExpenses debit creditLiability credit debitIncome credit debitCapital credit debitSo according to the IAS whenever income is genrated or increased it must be credited.
