Coupon Accepted Successfully!


Objectives of Accounting Standards

The Accounting Standards serve the following Objectives:

  •  To provide a standard set of accounting policies, valuation norms and disclosure requirements, on basis of which financial statements should be prepared
  • To make financial statements more meaningful and comparable
  • To harmonise the diverse accounting policies and practices inorder to ensure standardisation in the preparation of financial statement
  • To enable the comparability of financial statements and thereby improve reliability and usefulness of the financial statements

Test Your Skills Now!
Take a Quiz now
Reviewer Name