Question

Benefits of accounting standars

Answer 1

Answer:

Benefits of Accounting Standards

• Attains Uniformity in Accounting.
• Improves Reliability of Financial Statements.
• Prevents Frauds and Accounting Manipulations.
• Assists Auditors. ...
• Comparability.
• Determining Managerial Accountability.
• Difficulty between Choosing Alternatives.
• Restricted Scope

Answer 2

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• Attains Uniformity in Accounting.
• Improves Reliability of Financial Statements.
• Prevents Frauds and Accounting Manipulations.
• Assists Auditors.
• Comparability.
• Determining Managerial Accountability.
• Difficulty between Choosing Alternatives.
• Restricted Scope.