IFRS
and
IAS
IAS refers to International Accounting Standards published between 1973
and 2001, whereas IFR Srefers to International Financial Reporting
Standards published after 2001. The IASC produced the IAS, while the
IASB, which prospered the IAS, produced the IFRS. The AIS has no rules
for identifying, measuring, presenting, and disclosingall non-current
assets for sale. The International Financial Reporting Standards (IFRS) are
new rules that govern the identification, measurement, presentation, and
disclosure of all non-current assets for sale.
IFRS
IAS
IFRS 1 - First time adaptation
IAS 1 - Presentation of
of IFRS
Financial Statements
IFRS 2 - Share-based payment
IFRS 3 - Business
combinations
IFRS 4 - Insurance contracts
IFRS 5 - Non-current assets
held for sale and
discontinued operations
IAS 2 - Inventories
IAS 7 - Statement of Cash
Flows
IAS 8 - Accounting Policies,
Changes in Accounting
Estimates and Errors
IAS 10 - Events After the
Reporting Period
IFRS 6 - Explorations for and
IAS 12 - Income Taxes
evaluation of mineral
IAS 16 - Property, Plant and
resources
Equipment
IFRS 7 - Financial Instruments:
IAS 19 - Employee Benefits
Disclosure
IAS 20 - Accounting for
IFRS 8 - Operating segments
IFRS 9 - Financial instruments
IFRS 10 - Consolidated
financial statements
IFRS 11 - Joint arrangements
IFRS 12 - Disclosure of
interests in other entities
Government Grants and
Disclosure of Government
Assistance
IAS 21 - The Effects of Changes
in Foreign Exchange Rates
IAS 23 - Borrowing Costs
IAS 24 - Related Party
Disclosures
IFRS 13 - Fair value
IAS 26 - Accounting and
measurement
Reporting by Retirement
IFRS 14 - Regulatory deferral
Benefit Plans
accounts
IAS 27 - Consolidated and
IFRS 15 - Revenues from
Separate Financial Statements
contracts with customers
IFRS 16 - Leases
IFRS 17 - Insurance Contracts
IAS 28 - Investments in
Associates and Joint Ventures
IAS 29 - Financial Reporting in
Hyperinflationary Economies
IAS 32 - Financial Instruments:
Presentation
IAS 33 - Earnings Per Share