Accounting Standards — Easy Understanding

Plain-language explanations and infographics for IFRS/IAS and Bangladesh Cost Accounting Standards (BCAS).

Infographic	Framework	Standard	Category
No infographic yet	IFRS/IAS	IFRS 15 — Revenue from Contracts with Customers IFRS 15 sets out a 5-step model for recognising revenue: (1) identify the contract, (2) identify performance o…	Revenue Recognition
No infographic yet	IFRS/IAS	IAS 16 — Property, Plant and Equipment IAS 16 governs how to recognise, measure and depreciate property, plant and equipment (PPE). Example: a factor…	Fixed Assets
No infographic yet	BCAS	BCAS 1 — Classification of Cost BCAS 1 explains how costs should be classified for cost accounting purposes — by nature (material, labour, ove…	Cost Classification