Accounting Standard

Accounting Standard,

Accounting Standard: What is the Meaning of Accounting Standard?

  1. An accounting standard is a set of general principles, rules and regulations that define the basis of ledger policies and procedures. Accounting standards increase the transparency of financial information in all countries. Generally accepted accounting principles in the United States set generally accepted accounting standards for the preparation of financial statements. International companies adhere to the International Financial Reporting Standards established by the International Accounting Standards Board and serve as a guide for non-Americans. GAAP companies offer financial statements.

    • An accounting standard is a set of general principles, standards and procedures that define the basis of general accounting policies and procedures.
    • Accounting standards apply to the entire scope of a company's financial condition, including assets, liabilities, income, expenses and equity.
    • Banks, investors and regulators rely on accounting standards to ensure that information about certain companies is relevant and accurate.

Literal Meanings of Accounting Standard


Meanings of Accounting:
  1. The process or process of maintaining financial accounts.

Sentences of Accounting
  1. Investigation of false accounting claims

Synonyms of Accounting

financial affairs, money matters, pecuniary matters, fiscal matters, economics, money management, commerce, business, investment, banking, accounting


Meanings of Standard:
  1. Quality or performance level

  2. Ideas or things that are used as benchmarking measures, standards or models.

  3. A popular RAW or a popular RAW with.

  4. Military or ceremonial flags are flown over masks or hoisted over ropes.

  5. A tree or shrub that grows to full height with its height.

  6. Vertical line of water or gas.

  7. Used or accepted as normal or medium.

  8. (From a tree or bush) growing on a vertical trunk at full height.

Sentences of Standard
  1. The restaurant offers high quality service

  2. Wages are low by today's standards

  3. Many of them include western songs, standard jazz and kissing nova pop.

  4. Sir Marcus Versley raised the flag and paid tribute to the Queen Mother and members of Malton and the Norton Branch of the Royal British Army.

  5. Standard tax rate

  6. Standard waves are useful in situations where altitude is urgently needed

Synonyms of Standard

quality, level, grade, degree, worth, calibre, merit, excellence, guideline, norm, yardstick, benchmark, gauge, measure, criterion, guide, touchstone, model, pattern, example, exemplar, paradigm, ideal, archetype