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.

Related Accounting A Level answers

All answers ▸

how is the income statement (I/S) related to the balance sheet (B/S)


what are the different types of capital expenditure appraisal?


What is depreciation? Why is its calculation necessary? Give an example of straight line depreciation.


Toyosi paid £6,600 for insurance during the year ended 31/03/2014. The "insurance prepaid" account showed a balance of £390 as at 01/04/2013 and a balance of £450 as at 31/03/2014. Calculate the insurance expense for the year ended 31/03/2014.


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences