GAAP, IFRS, IAS dan IASC

1.    GAAP
    GAAP stands for Generally Accepted Accounting Principles.Generally Accepted Accounting Principles (GAAP) are the accounting framework, rules, standards and procedures established by the professional accounting industry, which has been adopted by almost all U.S. public companies.
2.    IFRS
    IFRS stands for International Financial Accounting Standard. An IFRS international accounting standards issued by the International Accounting Standard Board (IASB). International Accounting Standards (International Accounting Standards / IAS) developed by four Organizations in the world, namely the International Accounting Standards Board (IASB), Commission of the European Communities (EC), the International Capital Market (IOSOC), and the Federation of Accounting Internasioanal (IFAC).
IFRS (International Financial Accounting Standard) is an effort to Strengthen the financial architecture of the global and long-term solutions to the lack of transparency of financial information. Which has the aim of Ensuring that the financial statements for the company's interim periods dimaksukan the annual financial statements, Contain high quality information transparency for users and comparable throughout peiode presented, providing an adequate starting point for accounting based on IFRS, may produced at a cost that does not exceed the benefits to the users.
3.    IAS
    IAS stands for International Accounting Standards. International Accounting Standards (IAS) is an independent, privately funded accounting standard-setter based in London, England.
IAS was established on 1 April 2001 as the successor to the International Accounting Standards Committee (IASC). It is responsible for developing International Financial Reporting Standards (the new name for the IAS issued after 2001), and promoting the use and application of these standards.
4.    IASC
IASC stands for The International Accounting Standards Committee was established on June 29, 1973 by IFAC.
IASC is a body tasked to harmonize international accounting standards. The main purpose of these efforts is to improve the comparability (comparability) financial statements, especially for multinational companies operating in different parts of the world. Now changed its name to the International Accounting Standard Board (IASB). The agency is in charge of producing international accounting standards (International Financial Reporting Standards-IFRS).