29 accounting standard
it is good...
The current principle is the FASB (Financial Accounting Standards Board). This standard is the current adopted standard to the USA.
Accounting Standards are the statements of code of practice of the regulatory accounting bodies that are to be observed in the preparation and presentation of financial statements.
One of the reasons why we need accounting is to be organized in our business :D
Yes
What is the Economic consequence of accounting standard-setting
The International Accounting Standards Board is a new accounting standard. Its purpose is to become the global standard of accounting. It has not been fully adopted yet.
29 accounting standard
it is good...
sir i have a question that.. why we need accounting in business or what is the need of accounting in business
"Accounting Standards" are what governs various ethical and legal aspects of accounting. It does not "stand" for anything.
The current principle is the FASB (Financial Accounting Standards Board). This standard is the current adopted standard to the USA.
Accounting Standards are the statements of code of practice of the regulatory accounting bodies that are to be observed in the preparation and presentation of financial statements.
One of the reasons why we need accounting is to be organized in our business :D
Regulations have been implanted over the years to ensure that accounting reports are produced with standard content and in a standard format.
Most businesses choose to run there annual accounting according to a standard fiscal year of January 1st to December 31st. However, a business annual accounting period can start and end whenever it wants to.