Definitions
There is 1 meaning of the phrase
Accounting Standard.
Accounting Standard - as a noun
A principle that governs current accounting practice and that is used as a reference to determine the appropriate treatment of complex transactions
Synonyms (Exact Relations)
accounting principleExample Sentences
"Companies need to comply with the new accounting standard for revenue recognition."
"The accounting standard requires companies to disclose their lease obligations."
"Investors rely on consistent accounting standards to compare financial statements."
"The accounting standard prohibits the use of certain accounting practices."
"The International Financial Reporting Standards (IFRS) is a widely adopted accounting standard."
