IAS definition

IAS means international accounting standards as issued by the Board of the International Accounting Standards Committee;

Examples of IAS in a sentence

  • The enterprise will be applying IAS 11 and IAS 18 as its basis of interpretation for the recognition of revenue.

  • The company has chosen to use IAS 39 as a basis for interpretation when recognising impairment of financial assets, which means that impairments must be made to offset losses where an objective indication is deemed to have occurred that an account receivable or a portfolio of accounts receivable is impaired.If an objective indication shows that an individual account receivable has been impaired, an impairment takes place at individual level.


More Definitions of IAS

IAS means the international accounting principles formulated by the International Accounting Standards Committee.
IAS means the International Accounting Standard.
IAS means International Accounting Standards applied on a consistent basis.
IAS means the International Accounting Standards promulgated by the International Accounting Standards Committee.
IAS has the meaning set forth in Section 7.3 of this Agreement.
IAS means the International Accounting Standards issued by the International Accounting Standards Board (as amended, supplemented or re-issued from time to time).