Meaning of the word "accounting standard" in English
What does "accounting standard" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
accounting standard
US /əˈkaʊntɪŋ ˈstæn.dərd/
UK /əˈkaʊntɪŋ ˈstæn.dərd/
Noun
1.
a set of rules and guidelines used for financial reporting to ensure consistency and comparability of financial statements
Example:
•
Companies must comply with international accounting standards when preparing their financial reports.
•
The new accounting standard aims to improve transparency in financial reporting.
Learn This Word at Lingoland