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AKA Academy
AI Expert II Professional Accounts & Finance Specialist II Advance Excel & Power BI Specialist
20/08/2024
IAS (International Accounting Standards):
Issued by the International Accounting Standards Committee (IASC) from 1973 to 2001.
Aimed to bring consistency and comparability to financial reporting globally.
Replaced by IFRS but still in use unless superseded.
IFRS (International Financial Reporting Standards):
Developed by the International Accounting Standards Board (IASB) since 2001.
Focuses on transparent, comparable, and consistent financial reporting worldwide.
More principle-based, adopted widely across the globe.
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