Comparison according to IFRS accounting standards with IAS


Comparison according to IFRS accounting standards with IAS
This article refers to the comparison of IFRS with GAAP, published by Deloitte until January 1, 2007. You can download the original document here. Up to date, 28 IAS prepared by reference to IAS / IFRS, IAS 20 was developed with reference to the United States generally accepted accounting principles, IAS 8 is independently developed by IAI, and an IAS of shari’a banking refer to the accounting standards issued by AAOIFI and relevant regulations in force in Indonesia.
The following table summarizes the references used in the development of IAS:
No.
SFAS

REFERENCES
A. IAS 1 Presentation of Financial Statements (Revised 1998) IAS 1 (Revised 1997) Presentation of Financial Statements
2. Cash Flow Statements IAS 2 (1994) (reformat 2007) IAS 7 (Revised 1992), Cash Flow Statements
3. SFAS 3 Interim Financial Statements (reformat 2007) APB Opinion No. 28 (1973), Interim Financial Statements
4. SFAS 4 to Consolidated Financial Statements (reformat 2007) IAS 27 (1989) Consolidated and Separate Financial Statements
5. SFAS 5 Segment Reporting (Revised 2000) IAS 14 (Revised 1997) Segment Reporting
6. IAS 7 Relationship of the Parties Have a Special Relationship (reformat 2007) IAS 24 (1984) Related Party Disclosures
7. IAS 8 Subsequent Events (Revised 2003) IAS 10 (1978) Events after the Balance Sheet Date
8. SFAS 10 Foreign Currency Transactions (reformat 2007) IAS 21 (Revised 1993) The Effects of Changes in Foreign Exchange Rates
9. IAS 11 Financial Statements Foreign Currency (reformat 2007)
10. IAS 12 Financial Reporting on Participation In The Control of Joint Operations and Assets IAS 31 (Revised 1990) Financial Reporting of Interests in Joint Ventures
11. IAS 13 Investment Property (the current Revised 2007) IAS 25 (1986) Accounting for Investments
12. Inventories IAS 14 (reformat 2007) IAS 2 (Revised 1993) Inventories
13. SFAS 15 Accounting for Investments in Associates (reformat 2007) IAS 28 (Revised 1989) Accounting for Investments in Associates
14. Fixed Assets IAS 16 (the current Revised 2007) IAS 16 (Revised 1993) Property, Plant, and Equipment
15. SFAS 18 Accounting for Pension Funds

    IAS 26 (1987) Accounting and Reporting by Retirement Benefit Plans
    The regulations on pension funds in Indonesia, especially Law. 11/1992)

16. IAS 19 Intangible Assets (Revised 2000) IAS 38 (1998) Intangible Assets
17. SFAS 21 Accounting for Equity Regulations that govern the company in Indonesia as well as some of the equity accounting of SFAS
18. SFAS 22 Accounting for Business Combinations (reformat 2007) IAS 22 (Revised 1993) Accounting for Business Combinations
19. IAS 23 Revenue (reformat 2007) IAS 18 (1993) Revenue
20. IAS 24 Employee Benefits (Revised 2004) IAS 19 (Revised 2000) Employee Benefits
21. IAS 25 Income or Net Loss for the Period, Fundamental Errors and Changes in Accounting Policies (reformat 2007) IAS 8 (Revised 1993) Net Profit or Loss for the Period, Fundamental Errors, and Changes in Accounting Policies
22. IAS 26 Borrowing Costs (Revised 1997) (reformat 2007) IAS 23 (Revised 1993) Borrowing Costs
23. SFAS 27 Accounting for Cooperatives (Revised 1998) (reformat 2007) Regulations on cooperatives in Indonesia
24. IAS 28 (Revised 1996) Accounting for Losses AsuransiI

    SFAS 60, 91, 97, 113, 120
    Regulations regarding insurance in Indonesia

25. SFAS 29 Accounting for Oil and Gas

    SFAS 19, 25, 69
    The regulations concerning oil and gas in Indonesia

26. IAS 30 Leases (the current revision 2007)

    SFAS 13
    The regulations concerning sewaguna in Indonesia

27. SFAS 31 Accounting for the Banking (Amendment 2000)

    IAS 30 (1990) Disclosures in the Financial Statements of Banks and Similar Financial Institutions
    Bank for International Settlements (BIS)
    The regulations concerning banking in Indonesia

28. SFAS 32 Accounting for Forestry regulations concerning forestry in Indonesia
29. SFAS 33 Accounting General Mining Regulations regarding mining in Indonesia
30. SFAS 34 Accounting for Construction contracts IAS 11 (Revised 1993) Accounting for Construction Contracts
31. SFAS 35 Accounting for Revenue Services Telecommunications Regulations regarding telecommunications in Indonesia
32. SFAS 36 Accounting for Life Insurance

    SFAS 60, 81, 91, 97, 113, 120
    Regulations regarding life insurance in Indonesia

33. SFAS 37 Accounting for the implementation of toll roads (reformat 2007) Regulations on the management of toll roads in Indonesia
34. SFAS 38 Accounting for Restructuring under Common Equity (Revised 2004) APB 16, 29
35. SFAS 39 Accounting for joint operations (reformat 2007) The regulations concerning joint ventures in Indonesia
36. SFAS 40 Accounting for Changes in Equity of Subsidiaries / Associates Some United States generally accepted accounting principles
37. SFAS 41 Accounting for Warrants (reformat 2007)

    APB Opinion No.. 14 (1969) Accounting for Convertible Debt and Debt Issued with Stock Purchase Warrants
    Regulations in Indonesia BAPEPAM-LK

38. SFAS 42 Accounting for Securities Companies (reformat 2007)

    SFAS 12
    Regulations in Indonesia BAPEPAM-LK

39. SFAS 43 Accounting for Factoring (reformat 2007)

    SFAS 77 Reporting by Transferor for Transfers of Receivables with recourse
    Regulations in Indonesia BAPEPAM-LK

40. SFAS 44 Accounting for Real Estate Activities (reformat 2007) SFAS 66 Accounting for Sales of Real Estate
41. IAS 45 Financial Reporting of Non-Profit Organizations (reformat 2007) SFAS 117 Financial Statements of Not-for-Profit Organizations
42. SFAS 46 Accounting for Income Taxes (reformat 2007) IAS 12 (1996) Income Taxes
43. SFAS 47 Accounting for Land Land Regulations in Indonesia
44. IAS 48 Impairment of Assets IAS 36 (1998) Impairment of Assets
45. SFAS 49 Accounting for Investment Funds Regulations of mutual funds in Indonesia
46. IAS 50 Financial Instruments: Presentation and Disclosure (currently applicable Revised 2006) SFAS No. 115 Accounting for Certain Investments in Debt and Equity Securities
47. SFAS 51 Accounting for Quasi-Reorganization (Revised 2003) ARB 43, Ch. 7 Capital Accounts, Section A: Quasi Reorganizations or Corporate Readjustment
48. SFAS 52 Reporting Currency SFAS No. 52 Foreign Currency Translation
49. SFAS 53 Accounting for Stock-Based Compensation SFAS 123 Accounting for Stock-Based Compensation
50. SFAS 54 Accounting for Troubled Debt Restructuring SFAS 15-Accounts Receivable Accounting by Debtors and Creditors for Troubled Debt Restructuring
51. IAS 55 Financial Instruments: Recognition and Measurement (currently applicable Revised 2006) SFAS 133 Accounting for Derivatives Instruments and Hedging Activities
52. IAS 56 Earnings Per Share (EPS) IAS 33 (1997) Earnings per Share
53. SFAS 57 Estimated Liabilities, Contingent Liabilities and Contingent Assets IAS 37 (1998) Provisions, Contingent Liabilities and Contingent Assets
54. SFAS 58 Cessation of Operations In IAS 35 (1998) Discontinuing Operations
55. SFAS 59 Accounting for Islamic Banking

    MUI Fatwa
    Conceptual Rerangka for the Preparation and Presentation of Financial Statements for Shari’a Transactions
    Accounting standards issued by AAOIFI.

Note:

    SFAS crossed out indicates that the IAS has been revised and no longer valid. Most of the revision may have been converging with IFRS / IAS.

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