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what are accounting standards nature
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Explain the nature and Importance of Accounting Standards?
yes
Is accounting standard setting political in nature?
The setting of accounting standards and best practices is not political in nature. It is intended to ensure integrity and consistency throughout the profession.
What are the differences between Indian Accounting Standards and International Accounting Standards?
Indian accounting standards are developed by Indian board and only applicable in India while international accounting standards are developed by International Accounting standard board and applicable to all countries.
What are the differences between Indian accounting standards and U.S. accounting standards?
Here is a link to a great paper by from the SEC , outlining the major differences in International Accounting Standards.
What are advantages and disadvantage of harmonisation of international accounting standards?
what are advantages and disadvantages of harmonisation of accounting standards
Explain the nature and Importance of Accounting Standards?
yes
What do you understand accounting principals discuss the nature and significance of accounting principles?
They are set of accepted accounting standards and general rules.
Is accounting standard setting political in nature?
The setting of accounting standards and best practices is not political in nature. It is intended to ensure integrity and consistency throughout the profession.
Mandatory accounting standards issued by ICAI?
accounting standards
Is the financial accounting standards advisory board the same as the federal accounting standards board?
The Financial Accounting Standards Board (FASB) is a private organization (within the Financial Accounting Foundation) that issues financial accounting and reporting standards for nongovernmental entities.
What are the differences between Indian Accounting Standards and International Accounting Standards?
Indian accounting standards are developed by Indian board and only applicable in India while international accounting standards are developed by International Accounting standard board and applicable to all countries.
What are the differences between Indian accounting standards and U.S. accounting standards?
Here is a link to a great paper by from the SEC , outlining the major differences in International Accounting Standards.
What is the nature and purpose of accounting?
Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions for decision-making. Its purpose is to provide accurate and timely financial information to internal and external users to help in making informed business decisions and assessing the financial health and performance of an organization.
When was Financial Accounting Standards Board created?
Financial Accounting Standards Board was created in 1973.
What are advantages and disadvantage of harmonisation of international accounting standards?
what are advantages and disadvantages of harmonisation of accounting standards
What are the most common accounting standards?
The most common accounting standards are the ones that one can find in the Generally Accepted Accounting Principles (GAAP), those are a group of accounting standards very common and widely accepted.
Who issues accounting standards in India?
National Advisory Committee on Accounting Standards
