Nature and Importance of Standards

Standards are benchmarks by which the quality and other attributes of an activity or item are measured. They provide assurance that something has the quality and reliability to make it useful. In accounting, standards are of primary importance because there are many ways that financial information are prepared, presented, and interpreted. Comparability of methods and results will be impossible without standards.

MAIN PRESENTATION

The button below opens the main presentation in a separate window. View the entire presentation and complete all activities and requirements. Completion status will be submitted to your organization if requested.

NOTES AND JOURNALS

Write notes in the box below. You may notify your instructor. Only you or your instructor, if notified, can view your notes and replies. Click the History box to view, delete, or download your notes for this lesson. You may view and download all your notes from your dashboard which you can access from the main menu (Courses>My Courses).

COMMENTS AND DISCUSSION

Post comments and replies in the discussion box below to share insights for this lesson. Discussions are moderated and should be related to the topic. Active participation in discussions may be graded. Ask your teacher or group leader for instructions and information on grading guidelines.

0 Comment(s)

Post a comment

Leave a Comment