Review on Programs of International Accounting Standards

Abstract

The recent review deals with international accounting standards in world, International accounting standards are considered as the standard or basic model that determines the correct and accurate methods of disclosure or recognition of the financial statements of a particular institution or establishment, with mentioning the impact of each of the surrounding circumstances, whether political, economic or otherwise, on its productivity, this standard includes the basics Presentations of financial statements, in order to compare them with other statements of the same institution or establishment, and in different periods. The standard is keen to apply the criteria for recognition and disclosure of the value of liabilities or provisions that are likely to exist within the institution.