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ACCOUNTING STANDARDSAccounting standards are methodologies and disclosure requirements for the preparation and presentation of financial statements.
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ACCOUNTING STANDARDSDefinition The policies that govern an accountant's behavior and conduct in this professional capacity.
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ACCOUNTING STANDARDSThe specific practices within each method of accounting prescribed by professional or regulatory boards.
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ACCOUNTING STANDARDSThe legal standards that limited company statutory accounts must meet – either International Financial Reporting Standards or UK Generally Accepted Accounting Practices (GAAP).
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