What is IAS and IFRS ?

IAS stand for International Accounting Standards

AFRS stand for International Financial Reporting Standards

International Financial  Reporting Standards (IFRS):

The objective of this IFRS is to ensure that an entity’s first IFRS financial statements, and its interim financial reports for part of the period covered by those financial statements, contain high quality information that:(a) is transparent for users and comparable over all periods presented;(b) provides a suitable starting point for accounting in accordance with International Financial ReportingStandards (IFRSs); and(c) can be generated at a cost that does not exceed the benefits.

International Accounting Standards (IAS): 

International Accounting Standards are accounting standards issued by the International Accounting Standards Board (IASB) and its predecessor, the International Accounting Standards Committee (IASC).

Listed companies, and sometimes unlisted companies, are required to use the standards in their financial statements in those countries which have adopted them

IAS International Accounting Standatrd &IFRS International financial Reporting Standard

These standards are rules. Conventions Approaches upon which financial statements are prepared

IAS MEANS INTERNATIONAL ACCOUNTING STANDARDS

IFRS international financial reporting standards

which is used in preaprtion of financial statements and reporting

International Financial Reporting Standards is a set of accounting standards and interpretations issued by the International Accounting Standards Board

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Thanks for valuable contribution

AGREE WITH MR VENKITARAMAN & MR KHALED ANSWERS