Certificate in Accounting Standards

Accounting Standards

About Accounting Standards
An accounting standard is a common set of principles, standards, and procedures that define the basis of financial accounting policies and practices. Accounting standards improve the transparency of financial reporting in all countries. In the United States, the Generally Accepted Accounting Principles form the set of accounting standards widely accepted for preparing financial statements. International companies follow the International Financial Reporting Standards, which are set by the International Accounting Standards Board and serve as the guideline for non-U.S. GAAP companies reporting financial statements.

Why is Accounting Standards important?
Accounting standards ensure the financial statements from multiple companies are comparable. Because all entities follow the same rules, accounting standards make the financial statements credible and allow for more economic decisions based on accurate and consistent information.

Accounting Standards help the market by
•    Consistency
•    Fair Estimates and Valuations
•    Accurate Reporting
•    Independence
•    Appropriate Consideration

Who should take the Accounting Standards Exam?
•    Accounting or Finance professionals
•    Business owners
•    Entrepreneurs
•    Anyone who wants to assess their Accounting Standards skills
•    Accounting or Finance managers and senior executives
•    Sales consultants
•    Professionals working in outsourced companies responsible for Accounting Standards
•    Any professional with skills and knowledge of Accounting Standards
•    Anyone interested in Accounting Standards
•    Anyone who wants to learn Accounting Standards
•    Students

Accounting Standards Certification Course Outline

1. Accounting Standards Basics
2. IFRS
3. GAAP