Financial/Accounting Standard or Rule


A common set of principles, standards, and procedures that define the basis of financial accounting policies and practices. Accounting standards apply to the full breadth of a entity's financial picture, including assets, liabilities, revenue, expenses and shareholders' equity.

Author Selection Guidance

This information will likely be found in the text of the document on the cover page or introduction of the document.

In the United States, the Generally Accepted Accounting Principles form the set of accounting standards widely accepted for preparing financial statements, which are established the Financial Accounting Standards Board (FASB). International companies follow the International Financial Reporting Standards (IFRS), which are set by the International Accounting Standards Board and serve as the guideline for non-U.S. GAAP companies reporting financial statements. Either FASB or the IFRS, will be the other for US accounting standards. Other countries will have their Accounting Standards Board.

Publisher Selection Guidance

In this case of this content type the publisher will be the same as the author.

Node Naming Convention 

Use title as provided in the document.

Subscribe to Financial/Accounting Standard or Rule