Accounting standardsan accounting standard is a elected set, Ask an Expert

Accounting

ACCOUNTING STANDARDS

An Accounting Standard is a elected set of accounting policies or broad strategies concerning the principles and methods to be elected out of numerous substitute for communication of financial information to a variety of interested parties. They may narrate to a variety of aspects of measurement, treatment, disclosure and presentation of accounting transactions and events. Standards match to applicable customs, usage, laws, and business environment.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9511542

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