Meaning of “accounting standard” in the English Dictionary


"accounting standard" in Business English

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accounting standardnoun [ C ]

uk us also accounting rule ACCOUNTING

a rule that describes how the financial information of a company or organization must be recorded:

It was the company's first audit according to international accounting standards, so the figures are not comparable to the previous year's.

(Definition of “accounting standard” from the Cambridge Business English Dictionary © Cambridge University Press)