In Australia, Business Activity Statements (BAS) and Instalment Activity Statements (IAS) are forms lodged by businesses to the Australian Tax Office (ATO) to declare tax owing to the ATO.
Simply, the difference between BAS and IAS is that IAS does not show payments owing to or by the ATO for general service taxes (GST) because the enterprise submitting the IAS is not registered for GST.
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Full form of IAS is "International Accounting Standards".
marginal costing is recommended by IAS and absorption costing is not recommended by IAS,marginal costing is used for internal purposes and absorption costing is ysed for external purposes,in marginal costing the fixed production overheads are not calculated as a product cost and in absorption costing the fixed prodution overheads are calculated as product cost.
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