accounting principle for IASS standards

Question

explain the principles for accounting

Answer 1

International Accounting Standards (IAS) are a set of rules for financial statements that were replaced in 2001 by International Financial Reporting Standards (IFRS) and have subsequently been adopted by most major financial markets around the world.

Kenton, Will. “International Accounting Standards (IAS).” Investopedia, 12 July 2020, www.investopedia.com/terms/i/ias.asp.