Advantages of using IAS

[Wajeeha]

What are advantages of using IAS for Pakistani companies?

[shakilicma76]

Dear,

IAS is guidline for accoutant to prepared and pressent the financial statement.

Advantage is that all companies in the world follow one standard while preparing their financial statement thus helpful for user of financial statement while determine the comparison with other companies and specific firms in industry.

Thanks

Shakeel Ghaziani

[Sh.Mohsin]

Dear;

You must focus on disadvantages for not using IAS's in preparation of financial statements then you will be able to conclude the advantages.