Purpose of International Accounting Standard Board
The purpose of International Accounting Standard Board is standardization of the accounting standards which can be accepted globally by different countries of the world. It has another important responsibility of promoting the utilization and application of the accounting standards for better results. International Accounting Standard Board established a framework which acted as a standard and guide to the organization (Walton, 2004, p 5-16). The framework is basically prepared to make the financial statements more meaningful and purposeful. The framework has four main objectives. First being the defining of the actual objectives of financial statements. Second being the identification of the features that make the required information useful. Third objective is defining the main components of the financial statements and fourth being providing the concepts for maintenance of the capital. International Accounting Standard Board is also responsible for formulating the International Financial Reporting Standards (IFRS). The framework contains the assumptions which are made related to International Financial Reporting Standards. The two assumptions are the accrual basis and the going concern. The former states that occurrence of the transaction is important i.e. A transaction is recorded when it happens rather not when the cash is received from the transaction.
国际会计准则委员会的目的
国际会计准则委员会的目的是对会计准则，可以通过对世界各国普遍接受的标准化。它具有促进更好的结果和会计准则中的应用利用另一个重要的责任。国际会计准则理事会建立了一个框架，作为一个标准的组织指导（沃尔顿，2004，P 5-16）。该框架已基本准备财务报表更有意义和有目的的。该框架有四个主要目标。首先是财务报表的实际目标的定义。二是识别，使需要的信息的有用的特征。第三个目的是确定财务报表和第四为资本维持提供概念的主要成分。国际会计准则委员会还负责制定国际财务报告准则（IFRS）。该框架包含了国际财务报告准则相关的假设。这两个假设是权责发生制和持续的关注。该交易的发生很重要，即交易前的状态记录时不时从交易收到的现金。
