In a world where business and investment is increasingly international, it has become critical that valid comparisons of company performance be made between countries. Given that the differences between national accounting standards can hinder the investment process adding significantly to the cost of doing business, International Accounting Standards are rapidly becoming accepted world-wide. This guide offers the authors and users of financial statements practical knowledge of these new standards which have been developed by the International Accounting Standards Committee (IASC). It defines the role, structure and workings of the IASC and specifies the key differences between IAS and the US GAAP. The book highlights critical passages from each IAS, including the benchmark and allowed alternative treatments. It also details the implications of the relevant IASs for the preparation of financial statements and their analysis.

Using Miller's user-friendly format, this book delivers everything you need to know about promulgated international Accounting Standards. You'll find interpretations issued by the International Accounting Standards Commission's (IASC) Standing Interpretations Committee and to-the point analyses of IASC Exposure Drafts. Plus, you'll find the full explanation of the organization and structure of the IASC, including background on its constitution and it's framework for the preparation and presentation of financial statements. The book is organised into three parts: Part I_Role and Structure of the IASB, its Framework and its key standards on the Presentation of Financial Statements; Part II-General Standards; Part III - Industry-Specific Standards and includes a cross reference to original pronouncements. · Fully updated for 2004 and available now · Logically structured and clearly indexed for ease of use · Best-selling, widely respected guides provide credibility and established authority

Using Miller's user-friendly format, this book delivers everything you need to know about promulgated international Accounting Standards. You'll find interpretations issued by the International Accounting Standards Commission's (IASC) Standing Interpretations Committee and to-the point analyses of IASC Exposure Drafts. Plus, you'll find the full explanation of the organization and structure of the IASC, including background on its constitution and it's framework for the preparation and presentation of financial statements. The book is organised into three parts: Part I_Role and Structure of the IASB, its Framework and its key standards on the Presentation of Financial Statements; Part II-General Standards; Part III - Industry-Specific Standards and includes a cross reference to original pronouncements. · Best-selling, widely respected guides provide credibility and established authority · Fully updated for 2004 · Logically structured and clearly indexed for ease of use