ACCOUNTING STANDARDS AND IFRS

Learning Inside:

This Page would enable you to understand:

• Accounting Principles or Concepts
  • Accounting Entity
  • Money Measurement
  • Accounting Period
  • Full Disclosure
  • Materiality
  • Prudence or Conservatism
  • Cost
  • Matching
  • Dual Aspect
  • Revenue Recognition (Realisation)
  • Verifiable Objective
• Accounting Standards
  • Meaning of Accounting Standards
  • Nature of Accounting Standards
  • Utility of Accounting Standards
  • Accounting Standards issued by the Accounting Standards Board of the Institute of Chartered Accountants of India
• IFRS (International Finacial Reporting Standards)