A Comprehensive List of Accounting Standards

The Importance of Accounting Standards

Accounting standards play a crucial role in ensuring consistency, transparency, and accuracy in financial reporting. These standards provide guidelines and rules that govern how financial statements should be prepared and presented. They help to promote uniformity and comparability in financial reporting, enabling stakeholders to make informed decisions based on reliable and consistent information.

International Financial Reporting Standards (IFRS)

IFRS is a set of accounting standards developed by the International Accounting Standards Board (IASB). These standards are widely recognized and used by companies across the globe. They provide guidelines for various aspects of financial reporting, including revenue recognition, measurement of assets and liabilities, and presentation of financial statements.

About the IFRS Foundation

The IFRS Foundation is an independent organization that oversees the development and implementation of IFRS. It is responsible for setting accounting standards and ensuring their consistent application globally. The foundation also provides guidance and support to stakeholders in understanding and implementing IFRS.

IFRS Accounting Standards Navigator

The IFRS Accounting Standards Navigator is a comprehensive tool that helps users navigate through the various IFRS accounting standards. It provides easy access to the standards and frameworks, project work, products and services, and information on education, membership, and licensing.

International Accounting Standards (IAS)

International Accounting Standards (IAS) were issued by the International Accounting Standards Council (IASC) and endorsed and amended by the International Accounting Standards Board (IASB). These standards are the predecessor to IFRS and continue to be applicable in certain jurisdictions.

IAS Plus

IAS Plus is a leading resource for information on international accounting standards. It provides the latest news, updates, and resources related to IAS and IFRS. Deloitte User? is a section of IAS Plus that offers additional resources and tools for Deloitte users.

Accounting Standards for GST

Accounting standards for GST (Goods and Services Tax) are specific to enterprises operating in countries that have implemented GST. These standards provide guidance on the accounting treatment of GST-related transactions and ensure compliance with the relevant laws and regulations.

Handbook by Chapter

The Handbook by Chapter is a comprehensive guide to accounting standards and other pronouncements. It covers various topics and provides detailed information on each accounting standard. The handbook is regularly updated to incorporate changes and amendments to the standards.

Standards Tracker - Accounting and Financial Reporting

The Standards Tracker is a tool that allows users to track and stay updated on the latest accounting and financial reporting standards. It provides information on various topics of interest, key initiatives, and resources for continuing education. The tracker is a valuable resource for accounting professionals and stakeholders.

Conclusion

Accounting standards are essential for ensuring consistency, transparency, and accuracy in financial reporting. They provide guidelines and rules that govern how financial statements should be prepared and presented. International standards, such as IFRS and IAS, play a significant role in promoting uniformity and comparability in financial reporting globally. Additionally, specific accounting standards, such as those for GST, address the unique requirements of specific industries or jurisdictions. The Handbook by Chapter and Standards Tracker are valuable resources that provide comprehensive guidance and updates on accounting standards.