This annual publication contains a complete, up-to-date listing of all relevant international accounting standards set by the IASC (International Accounting Standards Committee). The IASC objectives are to formulate and publish international accounting standards to be observed in the presentation of financial statements and to promote their worldwide acceptance. Features background information and practical guidance on the traditional topics not covered by IASC standards based on U.S. and U.K. GAAP. Demonstrates the need for increased harmonization and comparability in the global marketplace. Includes numerous detailed examples.