Modern accounting is increasingly complex and governed by a maze of detailed technical standards. This book is specially written for those in business, the tax profession, and government who need to quickly understand or deal with accounting issues. Accounting Standards allows the reader to go to just the topic they need to deal with, including the profit and loss account or balance sheet, sales, work-in-progress, expenses, revenue vs. capital, leasing, financial instruments, and more. All are arranged in a handy format to give the non-accountant a quick guide to the key principles that underlie accounting rules and international standards.