0
What else can I help you with?
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.
Procedure for formulating accounting standards in India?
kindly show the process of formulating accounting stardards
What group or organization governs ethical issues in financial accounting?
The Financial Accounting Standards Board (FASB)
Whether international harmonisation of accounting standards is a good idea?
AnswerHow do specific accounting theories helps us to understand issues relating to harmonization of accounting standard.
How many accounting standard arein India?
As per the IASs/IFRSs, so far 30 Indian Accounting Standards have been issued: AS1 - Disclosure of Accounting Policies AS2 - Valuation of Inventories AS3 - Cash Flow Statements AS4 - Contingencies and Events Occuring after the Balance Sheet Date AS5 - Net Profit or Loss for the period, Prior Period Items and Changes in Accounting Policies AS6 - Depreciation Accounting AS7 - Construction Contracts AS8 - Accounting for Research and Development ( Wirhdrawn pursuant to AS26 becoming mandatory ) AS9 - Revenue Recognition AS10 - Accounting for Fixed Assets AS11 - The Effects of Changes in Foreign Exchange Rates AS12 - Accounting for Governement Grants AS13 - Accounting for Investments AS14 - Accounting for Amalgamations AS15 - Employee Benefits AS16 - Borrowing Costs
What are the nature of accounting standards?
what are accounting standards nature
What is the Definition of accounting standards and what are the accounting standards?
These are set of guidelines & principles formulated by an authorised body for preparation & presentation of Financial statements. AS are the detailed guides for interpretations of issues,terms,Accounting treatments of specific items on uniform base to be used by organisations,accounting people and auditors.
What does the abbreviation IFRIC in accounting mean?
International Financial Reporting Interpretation Committee, a support group of the International Accounting Standards Board who issues clarifications and application guidelines to the existing International Financial Reporting Standards in order to resolve any inconsistencies or controversial issues.
What has the author Michael H Granof written?
Michael H. Granof has written: 'Government and not-for-profit accounting' -- subject(s): Nonprofit organizations, Accounting, Public Finance, Standards 'Financial accounting : principles and issues' 'Government and Not-For-Profit Accounting' -- subject(s): Accounting, Nonprofit organizations, Public Finance, Standards
Mandatory accounting standards issued by ICAI?
accounting standards
What is frs and ifrs?
FRS - Financial Reporting StandardsIn UK, the chief standard-setter for financial accounting is the Accounting Standards Board (ASB), which issues standards called Financial Reporting Standards (FRSs). The ASB is part of the Financial Reporting Council, an independent regulator funded by a levy on listed companies.IFRS - International Financial Reporting StandardsInternational Financial Reporting Standards (IFRS) are standards and interpretations adopted by the International Accounting Standards Board (IASB). This is used extensively in EU and there are efforts being made to converge accounting standards globally to IFRS.
