governments surveyed used accrual accounting, rather than cash accounting, in 2020. The lack of transparent accounting standards in some nations has been cited...

Accounting Standards Board (FASB) is a private standard-setting body whose primary purpose is to establish and improve Generally Accepted Accounting Principles...

Reporting Standards, commonly called IFRS, are accounting standards issued by the IFRS Foundation and the International Accounting Standards Board (IASB)...

several fields including financial accounting, management accounting, tax accounting and cost accounting. Financial accounting focuses on the reporting of an...

The International Accounting Standards Board (IASB) is the independent accounting standard-setting body of the IFRS Foundation. The IASB was founded on...

Accounting Standard (abbreviated as Ind_AS) is the accounting standard adopted by companies in India and issued under the supervision of Accounting Standards...

accounting Resource consumption accounting Standard cost accounting Target costing Throughput accounting True cost accounting Life-cycle costing Basic cost...

Standard cost accounting is a traditional cost accounting method introduced in the 1920s, as an alternative for the traditional cost accounting method...

Accepted Accounting Principles, or Generally Accepted Accounting Policies. Accounting standards derive from a number of sources. The chief standard-setter...

Chinese accounting standards are the accounting rules used in mainland China. As of February 2010, the Chinese accounting standard systems is composed...

US accounting practices, the Accounting Standards Codification (ASC) is the current single source of United States Generally Accepted Accounting Principles...

The convergence of accounting standards refers to the goal of establishing a single set of accounting standards that will be used internationally. Convergence...

Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC), and is the default accounting standard...

oversight by the Financial Accounting Foundation (FAF), which selects the members of the GASB and the Financial Accounting Standards Board, and it funds both...

The International Accounting Standards Committee (IASC) was founded in June 1973 in London at the initiative of Sir Henry Benson, former president of the...

Financial accounting is a branch of accounting concerned with the summary, analysis and reporting of financial transactions related to a business. This...

raising awareness and adoption of accrual-based accounting in the public sector. IPSAS are accounting standards for application by national governments, regional...

Sustainability Accounting Standards Board (SASB) is a non-profit organization, founded in 2011 by Jean Rogers to develop sustainability accounting standards. Investors...

Standards, guidance on accounting for the amortization of intangible assets is contained in IAS 38. Under United States generally accepted accounting...

In management accounting or managerial accounting, managers use accounting information in decision-making and to assist in the management and performance...

measure and unit of account are sometimes treated as synonyms in financial accounting and economics. Unit of measure in financial accounting refers to the monetary...

their cost accounting practices, to follow the disclosed practices consistently and to comply with promulgated cost accounting standards. After adopting...

In financial accounting under International Financial Reporting Standards (IFRS), a provision is an account that records a present liability of an entity...

International Accounting Standards (IAS) and the International Financial Reporting Standards (IFRS) —developed by the International Accounting Standards Committee...

The Accounting Standards Board (AcSB) establishes accounting standards for use by private enterprises and private sector not-for-profit organisations in...

Carbon accounting (or greenhouse gas accounting) is a framework of methods to measure and track how much greenhouse gas (GHG) an organization emits. It...

Creative accounting is a euphemism referring to accounting practices that may follow the letter of the rules of standard accounting practices, but deviate...

Credit Losses (CECL) is a credit loss accounting standard (model) that was issued by the Financial Accounting Standards Board (FASB) on June 16, 2016. CECL...

The Australian Accounting Standards Board included examples of intangible items in its definition of assets in Statement of Accounting Concepts number...

Inflation accounting comprises a range of accounting models designed to correct problems arising from historical cost accounting in the presence of high...