Author(s)

Tingting Gu, Xian Xie

Corresponding Author

Tingting Gu

ABSTRACT

Accounting standards as accounting personnel in the process of accounting recognition, measurement and reporting need to follow the technical specification, its formulation significance has irreplaceable importance. Therefore, the absence of a clear description of the meaning of accounting standards should be a phenomenon worth paying attention to, but for a long time this problem has not been due attention. This paper will discuss the importance of a clear description of the meaning of accounting standards formulation.

KEYWORDS

Accounting standards, Formulation significance, Importance