accounting standard - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “accounting standard”

accounting standard

noun [C]
 
 
( 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)
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