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Accounting standards | Meaning | Definition by ICAI | Need for Accounting standards | Introduction |
Автор: wisdomcraft
Загружено: 2024-08-29
Просмотров: 238
Описание:
This video contains detailed explanation about the meaning of accounting standards and also definition given by ICAI.
Accounting Standards are called as the rulebook or the framework for recording accounting & financial transaction and also acts as a guide in preparation of financial statements.
Need for Accounting Statements:
1. Accuracy & Transparency
2. Comparability
3. Resource Management
4. Performance Measurement
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