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Definition of

accounting standard


approved method of presenting financial information an authoritative statement of how specific types of transaction and other events should be reflected in financial statements. Compliance with accounting standards will usually be necessary for financial statements to give a true and fair view.

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Definitions of ’accounting standard’ and meaning of ’accounting standard’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’accounting standard’ and other financial terms with our online QFINANCE Financial Dictionary.

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