One of the major differences is that the series of standards in the IAS were published by the International Accounting Standards Committee (IASC) between 1973 and 2001, whereas, the standards for the IFRS were published by the International Accounting Standards Board (IASB), starting from 2001. When the IASB was established in 2001, it was agreed to adopt all IAS standards, and name future standards as IFRS. One major implication worth noting, is that any principles within IFRS that may be contradictory, will definitely supersede those of the IAS. Basically, when contradictory standards are issued, older ones are usually disregarded.
THE FULL FORM OF I.A.S. IS INDIAN ADMINISTRATIVE SERVICE
every simple, we must prepare - preliminery exam then main exam - I and main exam -II, then personnel interview, that's all, refer this site, it gives full information about ias & ips- http://www.indiahowto.com/how-to-become-an-IAS-IPS-officer.html, jai hindi.
To become an IAS officer in India, candidates must be a citizen of India, hold a Bachelor's degree from a recognized university, be between 21 and 32 years of age, and meet other physical and medical standards as per the requirements. They also need to clear the Civil Services Examination conducted by the Union Public Service Commission (UPSC).
Full form of IAS is "International Accounting Standards".
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
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 Although not all of the ISAs are still used as they superseded by other standards and made outdated.
THE FULL FORM OF I.A.S. IS INDIAN ADMINISTRATIVE SERVICE
IAS - 16 Property, Plant and Equipment deals with matters governing of property and equipment.
Yes Cash flow statement is required by GAAP and IAS (international accounting standards) as well.
In Australia, Business Activity Statements (BAS) and Instalment Activity Statements (IAS) are forms lodged by businesses to the Australian Tax Office (ATO) to declare tax owing to the ATO. Simply, the difference between BAS and IAS is that IAS does not show payments owing to or by the ATO for general service taxes (GST) because the enterprise submitting the IAS is not registered for GST.
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.
Alfred Wagenhofer has written: 'Internationale Rechnungslegungsstandards--IAS/IFRS' -- subject(s): Accounting, Financial statements, Standards 'Informationspolitik im Jahresabschluss' -- subject(s): Disclosure in accounting, Financial statements
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.
IAS - Indian Administrative Service where as ICS - Indian Civil Service. ICS were and are known as collectors. There are examinations held for IAS which is divided into preliminary exam, main exam and an interview. ICS was introduced by Lord Cornwallis, where as IAS was started after independence. ICS was practiced till independence
International Accounting Standards? It is a way to make everyone's bookkeeping conform to the same set of rules so you can compare the financial statements of different companies.