Standard Setting

Quality in a service or product is not what you put into it. It is what the client or customer gets out of it.
Peter Drucker
Accounting is a service activity. Like any services, it has clients to serve and satisfy. The client judges the quality of that service according to certain standards.

Why this course

Knowing the standard setting process gives the accountant insights on the issues surrounding the issuance of standard, or the reasons for its adoption, revision, or discontinuance. Anybody interested in standards can actively participate in their development in many ways. They can comment on exposure drafts, participate in research, issue position papers, or support lobby groups. Active interest in standard setting means a genuine concern for the development and future of the profession.

What you will learn

The course discusses the standard setting process followed by the leading standard setting authorities. It explores the series of events leading to the adoption of a standard, from agenda setting to final issuance, and subsequent maintenance. The course also traces the chronology of pronouncements and issuances by the International Accounting Standards Board and the Financial Accounting Standards Board, the two leading standard setting authorities in the world.

  • Easy enrollment and checkout; online or over-the-counter bank payment, more than 5,000 remittance and payment centers nationwide
  • Course availability anytime, anywhere in any internet enabled device​
  • Note-taking capability at the front end; ability to download or print own notes for later review​
  • Interactive quizzes and activities to test knowledge and recall of key concepts​
  • Online discussion for collaborative learning and building an online community​
  • Private one-on-one consultation with group leader, teacher, or subject matter expert; by appointment​
  • Access to scheduled live interaction, online group meetings, or webinars
  • Free downloadable E-Book at end of course for future review and reference​
  • Administrative tools for group leaders and teachers for class management and monitoring; detailed reports of student performance​

Prepare for a rewarding career in accounting. Build on solid theoretical foundations. Learn the skills and have the functional competence to apply them. ​