accounting standard
2
3.8
- noun
- /əˈkaʊntɪŋ ˈstændərd/
- Specialized
:
norma contable
- A typical taxonomy has to define markup for several hundred concepts, and it has to be done in accordance with generally accepted accounting standards and practices.
- financial accounting standards
- accounting standards and practices
Examples
-
Or, how much is it worth to a multinational firm to be able to generate accounting records according to the financial accounting standards of different countries?
Academic text (1996) -
To begin with, accounting standards must be put on a firmer basis both by law and through voluntary self-regulation.
Academic text (1991) -
International special conditions accounting standards require that such transactions be recorded at fair value.
Academic text (2018) -
The main objective of the audit is to ensure that the financial statements are prepared based on proper accounting standards.
Academic text (2016) -
Bill Napoli talked about the FASB accounting standards as they apply to pension plans in the United States.
Academic text (1990) -
Firms reporting in different countries have to develop schemes for translating from the financial accounting standards of one country to the standards of another, or for running parts of their accounting systems in parallel.
Academic text (1996) -
In sum, financial ratios traditionally used by financial regulators are "useless as supervisory tools when accounting standards and reporting systems are inappropriate" (Rojas-Suarez 1998: 6).
Academic text (1998) -
The advantage of measuring corporate performance on the basis of payouts instead of such accounting measures as earnings is that payouts are unaffected by changes in accounting standards or by such transitory factors as special items, providing a better measure of structural drivers of the supply.
Academic text (2017) -
As Kevin Dowd (1993) notes, a bank can also maintain depositor confidence and thus stability in other ways, such as hiring an independent auditor to evaluate its soundness, developing reliable accounting standards, publishing its financial data, and maintaining adequate capital.
Academic text (2016) -
The company must comply with the new accounting standard to avoid penalties.
Synonyms
675
2.7
Generally used and accepted as correct
1
3.9
A rule companies use to record and report the money they receive and pay
How Formal
- Specialized
2
3.8
- Specialized
1
3.9
344
3.1
553
2.5
Surface Forms
Morphology
The meaning 'a principle or rule governing accounting practices' is directly and transparently derived from 'accounting' (financial recordkeeping) + 'standard' (an accepted rule or benchmark). This compound follows a common noun+noun compositional pattern found across languages, so a B1 learner who knows both constituents should be able to infer the MWE meaning.
Etymology
Accounting standard mixes accounting, which is keeping business books, and standard, a fixed measure or 'rule'. One simple story says traders once used the same measuring stick so everyone counted goods in the 'same way', and today an accounting standard is a rule that helps company reports match.