International Accounting Standard

International Accounting Standards (IASs) were issued by the antecedent International Accounting Standards Council (IASC), and endorsed and amended by the International Accounting Standards Board (IASB). This document consists of 35 industries accounting standards such as: Presentation of financial statements (International Accounting Standard No. 1), inventories (International Accounting Standard No. 2), depreciation accounting (International Accounting Standard No. 4)...and other contents.

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