Standards

This blog is designed for the people who are interested in the fields of Accounting and finance enthuse of the trends of these fields.

The objective of this blog is to provide a sound knowledge in the following International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS). Through this blog, we assure you that you can obtain a thorough knowledge in application of Accounting Standards by understanding the rational. Questions and examples are included with the theoretical explanation so that it will enable the student to better understand the principles.

IFRS / IAS	STANDARD
	Framework for the Preparation and Presentation of Financial Statements
IAS 1	Presentation of Financial Statements
IAS 2	Inventories
IAS 7	Statement of Cash Flows
IAS 8	Accounting Policies, Changes in Accounting Estimates and Errors
IAS 10	Events after the Reporting Period
IAS 11	Construction Contracts
IAS 12	Income Taxes
IAS 16	Property, Plant and Equipment
IAS 17	Leases
IAS 18	Revenue
IAS 19	Employee Benefits
IAS 20	Accounting for Government Grants and Disclosure of Government Assistance
IAS 21	The Effects of Changes in Foreign Exchange Rates
IAS 23	Borrowing Costs
IAS 24	Related Party Transactions
IAS 26	Accounting and Reporting by Retirement Benefit Plans
IAS 27	Consolidated and Separate Financial Statements
IAS 28	Investments in Associates
IAS 29	Financial Reporting in Hyperinflationary Economies
IAS 31	Interests in Joint Ventures
IAS 32	Financial Instruments : Presentation
IAS 33	Earnings Per Share
IAS 34	Interim Financial Reporting
IAS 36	Impairment of Assets
IAS 37	Provisions, Contingent Liabilities and Contingent Assets
IAS 38	Intangible Assets
IAS 40	Investment Property
IAS 41	Agriculture

IFRS 1	First – time Adoption of International Financial Reporting
IFRS 2	Share – based payment
IFRS 3	Business Combination
IFRS 5	Non – current Assets held for sale and Discontinued Operations
IFRS 6	Exploration for and Evaluation of Mineral Resources
IFRS 8	Operating Segments