Accounting standards are not developed overnight, or through a sudden stroke of brilliance, or accidental discovery in a laboratory. These standards are the results of careful study, research, discussion, and exposure to users of accounting information. This rigorous process helps in the general acceptability of standards by the profession. The credibility of standards starts with the stature, competence, and respectability of those charged with developing them. Standard setting organizations have the most experienced, highly educated, and respectable professionals in their midst to conceptualize, develop, and implement standards.
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.
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).
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.
You must be logged in to post a comment.
0 Comment(s)