What is an IAS?
An IAS is an international accounting standard and is set up by the Accounting Association, which provides a set of standards that every business should comply with. This allows consistency, easy comparison and almost a set of rules to regulate the way financial statements are presented.
RC
Related Accounting A Level answers
All answers ▸What is the difference between accounts in balance sheet and income statement
what are the different types of capital expenditure appraisal?
What is ratio analysis and why is it being used?
What is depreciation and what are the 2 methods of depreciating non-current assets?