accounting standard Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

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 ​financialinformation of a ​company or ​organization must be ​recorded: It was the company's first ​audit according to internationalaccountingstandards, so the ​figures are not comparable to the previous year's.
(Definition of accounting standard from the Cambridge Business English Dictionary © Cambridge University Press)
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