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unusual facts about accounting standards



National Advisory Committee on Accounting Standards

Further, Institute of Chartered Accountants of India (ICAI) has the responsibility of preparing the accounting standards and recommend them to NACAS


see also

Accountancy in Hong Kong

Around 1994, the HKICPA slowly adopted their auditing and accounting standards from the IFAC and its associated standard setting bodies.

AICPA Statements of Position

AICPA Statements of Position (SOPs), available full-text at the links below from the University of Mississippi's Library Digital Collections with the permission of the American Institute of Certified Public Accountants (AICPA), were issued by the AICPA's Accounting Standards Division from 1974 to 2009.

CPA Council of India

Allied Areas: The allied areas include management accounting, financial management and electives like accounting standards, forensic accounting, management control systems and business analysis and valuation.

Indian Accounting Standards

Indian Accounting Standards, (abbreviated as india AS) are a set of accounting standards notified by the Ministry of Corporate Affairs which are converged with International Financial Reporting Standards (IFRS).

As on date the Ministry of Corporate Affairs notified 35 Indian Accounting Standards(Ind AS).

Open Settlement Protocol

A press release of September 2, 1998, announced that the industry leaders 3Com Corporation, Cisco, GRIC Communications, iPass, and TransNexus had "teamed up to promote inter-domain authentication, authorization and accounting standards for IP telephony through the Open Settlement Protocol (OSP)".

Paul Jorion

He has deplored in particular the shift in accounting standards from a definition of price based on “fundamentals,” i.e. “value,” to “just value” equating with the speculative price (Financial Accounting Standards Board 157).

Weighted average return on assets

Reconciliations between the two are typically required as a component of a Purchase price allocation in accordance with the Financial Accounting Standards Board's ("FASB") Statement of Financial Accounting Standards No. 141 “Business Combinations” (“SFAS 141”).