English Dictionary

ACCOUNTING STANDARD

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IPA (US): 

 Dictionary entry overview: What does accounting standard mean? 

ACCOUNTING STANDARD (noun)
  The noun ACCOUNTING STANDARD has 1 sense:

1. a principle that governs current accounting practice and that is used as a reference to determine the appropriate treatment of complex transactionsplay

  Familiarity information: ACCOUNTING STANDARD used as a noun is very rare.


 Dictionary entry details 


ACCOUNTING STANDARD (noun)


Sense 1

Meaning:

A principle that governs current accounting practice and that is used as a reference to determine the appropriate treatment of complex transactions

Classified under:

Nouns denoting cognitive processes and contents

Synonyms:

accounting principle; accounting standard

Hypernyms ("accounting standard" is a kind of...):

principle (a rule or standard especially of good behavior)

Holonyms ("accounting standard" is a member of...):

GAAP; generally accepted accounting principles (a collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures)


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