What method of  treatment for an accounting problem in  case of the absence of the standard applies?

In the absence of a Standard or an Interpretation to a particular problem or a transaction, manageent can use or practice the judgement in considering and coinciding with an accounting policy whcih should have the relevent and reliable information -. [IAS8.10].

And the judgement should coincide with and have an applicability of :

- similar and related issues to the guidance of IASB standard and interpretation.

- and the assets, liabilites, income and expenss concept should be within the frame work of  IAS8.11.

Management may also consider the recent anouncements of other standard-setting bodies that use a similar framework concepts to develop accounting standards, other accounting literature and accepted industrial practices to the extent that these do not conflict with the sources-IAS8.12.

in the absnce of ifrs or ias use sence in accounting wise try to use your judgment , plosable relation ship ie casue and effect and go back and search for neture of the event which account it will hit

management judgement and look at the current standards for certain criteria

Given that the international accounting standards (IAS, IFRS) do not cover all accounting problems faced by accountants in all kind activities, in  case of the absence of a standard, the accountant should strives to find an accounting treatment commensurate with the conceptual framework of the Financial Accounting Standards, the concepts of accounting measurement as well as the accounting policies of the company, that leads to;   

• Put an end to the diligence of accountants in cases it's  not covered by the standard.

• Increase confidence in the company financial statements.