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Accounting Standard Meaning In Bengali
Accounting Standard শব্দের বাংলা অর্থ কি: অ্যাকাউন্টিং স্ট্যান্ডার্ড
Accounting Standard
Definition
1) A set of guidelines and rules established by a regulatory body or professional organization that outlines the procedures and principles to be followed in preparing and presenting financial statements.
2) An authoritative principle-based set of rules and guidelines that govern the preparation and presentation of financial information in a consistent and transparent manner to ensure accuracy and comparability.
3) A framework that ensures uniformity and consistency in financial reporting practices among organizations, thereby facilitating meaningful comparisons of financial statements among different companies and industries.
Examples
Accounting Standard Example in a sentence
1) The company needs to adhere to the latest accounting standards for accurate financial reporting.
2) The new accounting standard requires companies to disclose additional information about their revenue streams.
3) Compliance with international accounting standards is necessary for businesses operating in multiple countries.
4) The accounting standard for lease accounting changed recently, impacting how companies report their leases.
5) Our financial statements were reviewed by an independent auditor to ensure they met the accounting standard.
6) Understanding and implementing the accounting standard on inventory valuation is crucial for accurate financial statements.
7) The company's acquisition was accounted for in accordance with the relevant accounting standards.
8) The accounting standard for pension plans was updated to provide more transparency to investors.
9) Non-compliance with accounting standards can result in penalties and fines for the company.
10) The accounting team is responsible for staying up-to-date on any changes to accounting standards that may impact their reporting.
Synonyms
Encyclopedia
A set of guidelines and rules established by a regulatory body or professional organization that outlines the procedures and principles to be followed in preparing and presenting financial statements.
An authoritative principle-based set of rules and guidelines that govern the preparation and presentation of financial information in a consistent and transparent manner to ensure accuracy and comparability.
A framework that ensures uniformity and consistency in financial reporting practices among organizations, thereby facilitating meaningful comparisons of financial statements among different companies and industries.
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