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IASB’s Conceptual Framework: Subject-Matter and Uses

In this article we will discuss about the subject matter and uses of IASB’s conceptual framework. Subject-Matter of IASB'S Framework: IASB's conceptual framework deals with: (a) The objective of financial statements; (b) The qualitative characteristics that determine the usefulness of information in financial statements, (c) The definition, recognition and measurements of the elements from which financial statements are constructed; and [...]

By Manukriti Nandwani|2016-06-18T07:01:37+00:00June 18, 2016|Financial Reporting|Comments Off

Achievements of International Accounting Standards Board (IASB)

In this article we will discuss about the achievements of International Accounting Standards Board (IASB). The IASB started its activities in 2001 and immediately took a number of projects left in the pipeline from its predecessor. To promote convergence of accounting standards worldwide, the International Accounting Standards Board (IASB) is committed to developing, in the public interest, a single set [...]

By Archna Mohan|2016-06-18T06:59:44+00:00June 18, 2016|Accounting Standards|Comments Off