Publisher's Synopsis
International accounting standards play a vital role in the steps to harmonize accounting regulations and presentation of financial statements. This book provides a detailed commentary both on the role of the IASC and the international standards themselves, explaing what the standards are and how they are used. Each IAS is backed up with actual examples of their use and comparative discussion showing how they differ from national standards. A final section provides a disclosure checklist for those considering using IAS's in the compilation of their annual reports.