Accounting Standard

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Dictionary Says

Definition of 'Accounting Standard'

A principle that guides and standardizes accounting practices. The Generally Accepted Accounting Principles (GAAP) are a group of accounting standards that are widely accepted as appropriate to the field of accounting. Accounting standards are necessary so that financial statements are meaningful across a wide variety of businesses; otherwise, the accounting rules of different companies would make comparative analysis almost impossible.
Investopedia Says

Investopedia explains 'Accounting Standard'

An accounting standard is a guideline for financial accounting, such as how a firm prepares and presents its business income and expense, assets and liabilities. The Generally Accepted Accounting Principles is comprised of a large group of individual accounting standards. GAAP standards apply to financial reporting in the United States and may be eventually phased out in favor of the International Accounting Standards.
Search results for

'Accounting Standard'

  • What are some of the key differences between IFRS and US GAAP?

    http://www.investopedia.com/ask/answers/09/IFRS-GAAP.asp
    The International Financial Reporting Standards (IFRS) - the accounting standard
    used in more than 110 countries - has some key differences from the. ...

  • International Financial Reporting Standards: What You Need To Know

    http://www.investopedia.com/articles/fundamental-analysis/12/international-financial-reporting-standards.asp
    ... With more and more countries adopting the IFRS as their accounting standard, over
    120 as of April 2011, investors and analysts should be well advised on how ...

  • A New Approach To Equity Compensation

    http://www.investopedia.com/articles/06/FAS123R.asp
    The new financial accounting standard known as FAS 123R could take
    a bite out of your portfolio. Find out why here. ...

  • Expensing Employee Stock Options: Is There A Better Way?

    http://www.investopedia.com/articles/optioninvestor/09/expensing-esos.asp
    ... Accounting rules issued under Financial Accounting Standard 123R now require companies
    to calculate a stock option's "fair value" on the date of grant. ...

  • CFA Level 1 Study Guide - Financial Statements - Setting and ...

    http://www.investopedia.com/exam-guide/cfa-level-1/financial-statements/global-accounting-standards.asp
    Learn about the International Organization of Securities Commissions, The
    International Accounting Standard Board and the two styles of GAAP. ...

  • What is the difference between IAS and GAAP?

    http://www.investopedia.com/ask/answers/05/iasvsgaap.asp
    ... When the IASB sets a brand new accounting standard, a number of countries tend to
    adopt the standard, or at least interpret it, and fit it into their ...

  • Accounting For Differences In Oil And Gas Accounting

    http://www.investopedia.com/articles/fundamental-analysis/08/oil-gas.asp
    ... In Statement of Financial Accounting Standard (SFAS) 19, the FASB requires that
    oil and gas companies use the SE method, while the SEC allows companies to use ...

  • CFA Level 1 Study Guide - Liabilities - Journal Entries and ...

    http://www.investopedia.com/exam-guide/cfa-level-1/liabilities/journal-entries-accounting-impact.asp
    ... 2.10 Basic Statistical Calculations; 2.11 Standard Deviation And Variance; 2.12
    Skew And ... 6.3 Accounting Process; 6.4 Income Statement Basics; 6.5 Income Statement ...

  • CFA Level 1 Study Guide - Liabilities - Accounting For Leases ...

    http://www.investopedia.com/exam-guide/cfa-level-1/liabilities/accounting-for-leases.asp
    ... 2.10 Basic Statistical Calculations; 2.11 Standard Deviation And Variance; 2.12
    Skew And ... 6.3 Accounting Process; 6.4 Income Statement Basics; 6.5 Income Statement ...

  • CFA Level 1 Study Guide - Assets - Choosing the Appropriate ...

    http://www.investopedia.com/exam-guide/cfa-level-1/assets/choosing-accounting-method.asp
    ... 2.10 Basic Statistical Calculations; 2.11 Standard Deviation And Variance; 2.12
    Skew And ... 6.3 Accounting Process; 6.4 Income Statement Basics; 6.5 Income Statement ...

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