- March 6, 2021 at 7:52 am #613686
How are you?
I hope you are doing well,
Could you Explain the difference between IASB,IFRS and IAS?March 6, 2021 at 8:46 am #613706P2-D2Keymaster
- Topics: 4
- Replies: 6443
I’m very well, thank you. Hope it is the same for you.
IAS and IFRS are the same things essentially, they provide the rules for dealing with accounting transactions. IAS were the original global accounting standards and as they were slowly updated and changed the new standard created was an IFRS. So for leases we used to have IAS 17 but this now no longer exists and has been replaced by IFRS 16 as it has been updated to reflect a more faithful representation of lease transactions.
The IASB are the body that oversees all of the activities behind the setting of IFRSs. You can find a lot more about what the IASB do via their website – http://www.ifrs.org
Hope that clears it all up.
ThanksMarch 8, 2021 at 3:00 am #613885
It’s very clear thank you so much.March 17, 2021 at 9:35 am #614582
I have a technical problem I can no longer post questions for ask the tutor anymore could you help me pleaseMarch 17, 2021 at 10:33 am #614583opentuition_teamKeymaster
- Topics: 1152
- Replies: 1366
7fsa wrote:Dear Chris,
I have a technical problem I can no longer post questions for ask the tutor anymore could you help me please
send your question using the contact form please.March 18, 2021 at 6:46 pm #614701
I have posted over there but no reply from your side could you please help me.
- You must be logged in to reply to this topic.