Accounting Standards
/ˈæk.aʊn.tɪŋ ˈstæn.dərdz/
Definitions
- (n.) Principles and rules established by authoritative bodies governing the preparation and presentation of financial statements.
The company complied with all applicable accounting standards when reporting its annual earnings.
Forms
- accounting standard
Related terms
See also
Commentary
Accounting standards ensure uniformity and transparency in financial disclosures, critical for regulatory compliance and investor confidence.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.