The flywheel may have fins on it that act as a fan when the flywheel spins (see Photo 5), or it may have a separately molded fan that is mounted to it (see Photo 6). A shroud, often called a blower housing, covers the flywheel and much of the engine.
The International Accounting Standards Committee (IASC) was formed in 1973 through an agreement made by professional accountancy bodies from Australia, Canada, France, Germany, Japan, Mexico, the Netherlands, the United Kingdom and Ireland, and the United States of America.he historical information about the IASC below is based on tables prepared for The International Accounting Standards Committee: A Political History, by Robert J. Kirsch, 465 pages, published in February 2007 by WoltersKluwer/CCH, ISBN: 978-1-84140-608-4.
There are 38 standards on the accrual basis of accounting and one standard on the cash basis of accounting (source: IPSAS Handbook published March 2011). When the accrual basis of accounting underlies the preparation of the financial statements, the financial statements will include: