Accounting standards, Accounting Basics

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.

Posted Date: 10/15/2012 5:17:56 AM | Location : United States







Related Discussions:- Accounting standards, Assignment Help, Ask Question on Accounting standards, Get Answer, Expert's Help, Accounting standards Discussions

Write discussion on Accounting standards
Your posts are moderated
Related Questions
Matilda Crone owns and operates a public relations firm called Dance Fever. The following amounts summarize her business on August 31, 2014:

Q. Illustrating the recording of sales returns? Following are two instances illustrating the recording of sales returns in the Sales Returns and Allowances account - Suppose

Describe what journal entry pass in case of vat refundable and in case of vat payable?       Ans) In case of vat payable: output vat Toinput vat To vat payable In case o

Consumers and others: Consumers' organizations, welfare organizations, media and public at huge are also interested in condensed accounting information so as to appraise the effic

Full form= Winter compensation from contributions.

ERS is a business process among trading partners that conduct commerce without invoices. In an ERS transaction the supplier ships goods based upon an Advance Shipping Notice (ASN)


Cash  Flow Analysis:   As per the Institute of Cost and Works Accountants of India (AICWAI), a Cash Flow Statement is a declaration setting out the flow of cash under different

A rule in economics and law that says attorney fees must be paid by every party included in litigation - even the party that wins the case. An exception to the American rule can ta

what accounts go into a balance sheet