Tag Archives | Accounting Standards

Accounting Standards of India | Essay | India | Accounting

In this essay we will discuss about:- 1. Introduction to the Accounting Standards of India 2. Establishment of NACAS 3. Deviation from Accounting Standards. Essay # 1. Introduction to the Accounting Standards of India: Accounting standards are the policy documents issued by a recog­nized expert accountancy body relating to various aspects of measure­ment, treatment, presentation […]

Corporate Management and Accounting Standards

In this article we will discuss about the role of corporate management in determination of accounting standards. Corporate managements play a central role in the determination of accounting standards. Corporate management is central to any discussion of financial reporting, whether at the statutory, or regulatory level or at the level of official pronouncements of accounting […]

Harmonization of Accounting Standards

In this article we will discuss about the difficulties in harmonization of accounting standards with suggestions. Difficulties in Harmonization of Accounting Standards: Many difficulties have been faced in the harmonization programmes commenced by international agencies, especially by IASC (now IASB) which are as follows:  1. Difficulties in the Development of Standards: The main difficulties in […]

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