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Accounting Standards Home Page
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Browse Our Standards
Accounting standards are rules according to which accounts have to be drawn up. They demand minimum levels of disclosure, lay down fundamental principles, define the meanings of terms and specify how numbers should be calculated.
There are two main sources of accounting standards; International (Developed by international bodies as IASB and www.ifrs.org to be adopted in countries that are not capable of developing its own standards or to be adopted by international firms operating in those countries), national (LOCAL) standards to be developed by a given country based on its local economic development degree.
Under the IFRS Foundation Constitution, the objectives of the IASB are:
(a) to develop, in the public interest, a single set of high quality, understandable and enforceable global accounting standards that require high quality, transparent and comparable information in financial statements and other financial reporting to help participants in the world's capital markets and other users make economic decisions;
(b) to promote the use and rigorous application of those standards;
(c) in fulfilling the objectives associated with (a) and (b), to take account of, as appropriate, the special needs of small and medium-sized entities and emerging economies; and
(d) to bring about convergence of national accounting standards and International Accounting Standards and International Financial Reporting Standards to high quality solutions
In this site we show the following national and international standards:
= EGYPTIAN ACCOUNTING STANDARDS.
= IAS and IFRS (International Accounting Standards and the new International Financial Reporting Standards).
= ARABIC Translation of IAS.
= MALYSIAN ACCOUNTING STANDARDS.
= SAUDI ACCOUNTING STANDARDS.
= GULF COOPERATION COUNCEL STANDARDS.
= AMERICAN ACCOUNTING STANDARDS (PRE CODIFICATION, UPDATES and CONCEPTS STATEMENTS STANDARDS)
= BRITISH STATEMENTS OF STANDARD ACCOUNTING PRACTICES.
= SELECTED ADVANCED RESEARCH STANDARDS ARTICLES.
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Author
Dr. Mohamed Sherif Tawfik
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