Posts in
Archives
/investing13-5bfc2b8f46e0fb0026016f4d.jpg)
Definition of the accounting standard
What is an accounting standard? An accounting standard is a common set of principles, standards, and procedures that define the basis for financial accounting policies and practices. Key points to remember An accounting standard is a set of practices and policies used to systematize bookkeeping and other accounting functions across businesses and over time. Accounting …