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What are the standards of accounting?

What are the standards of accounting?

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Question ajoutée par Mohammed El Tahir Mohammed Yousif , Finance Manager , Factory of Golden Block Company for Cement Products
Date de publication: 2017/09/02
Soliman Abd  ALmalak Gendy
par Soliman Abd ALmalak Gendy , مدير ادارة مراقبة حسابات , الجهاز المركزى للمحاسبات

GAAP refers to a set of rules,standards and practices used in the accounting field for preparing and standardlizing financial statements.

Mohammed El Tahir Mohammed Yousif
par Mohammed El Tahir Mohammed Yousif , Finance Manager , Factory of Golden Block Company for Cement Products

Accounting standards are authoritative standards for financial reporting and are the primary source of generally accepted accounting principles (GAAP). Accounting standards specify how transactions and other events are to be recognized, measured, presented and disclosed in financial statements.

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