Accounting provides an important service to decision makers who expect certain qualities in the information provided. To ensure quality and usefulness of information, accounting observes certain standards, in the form of principles and pronouncements. These are promulgated by standard setting authorities who observe rigorous practices that include carefully selected agenda, public consultations, discussions, approval, and post implementation review. The course discusses the standard setting process and introduces the different standard setting authorities.
Runtime Approx 110 mins (this complimentary course expires in three days); Learners Accounting students, entrepreneurs, non-accountant professionals; Recommended previous course Business Organizations; Recommended next course Framework Development.