出版社：The International Institute for Science, Technology and Education (IISTE)
摘要：An accounting standard is a standardized guiding principle that determines the policies and practices of financial accounting. Accounting standards not only improve the transparency of financial reporting but also facilitates financial accountability.IFRS Standards are set by the International Accounting Standards Board (Board) and are used primarily by publicly accountable companies—those listed on a stock exchange and by financial institutions, such as banks. Authoritative interpretations of the Standards, which provide further guidance on how to apply them, are developed by the IFRS Interpretations Committee and called IFRIC Interpretations.The International Accounting Standards (IAS) constitute a single set of high-quality accounting standards, which help in the preparation of consolidated financial statements, including the balance sheet, income statement, statement of changes in the financial position, cash flow statement and explanatory notes. This paper is a theoretical view about the accounting standards .
关键词：International standards; accounting standards; business account etc.
