Write a report (1000 words) on applications of various accountingstandards in an organisation’s /...

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Accounting

Write a report (1000 words) on applications of various accountingstandards in an organisation’s / company annual report(at least 2accounting standard ) LO1 and LO2.

*Kindly mention the sites’ link used for the reference.

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Application of Accounting Standards Accounting Standards of an organization are the policies and rules which are written as documents and are presented by accounting authority so that there should be a proper track on the transactions taking place in the organization day to day Every enterprise and organization are being divided into different levels according to which accounting standards are set Basically there are there levels The various accounting standards are listed below 1 Disclosure of Accounting Standards 2 Valuation of Inventory 3 Cash Flow Statements 4 Contingencies and Events Occurring after the Balance Sheet date 5 Net profit or loss 6 Construction Contract 7 Revenue Recognition 8 Accounting for Fixed assets 9 The effect of changes in Foreign Exchange rates 10 Accounting for Government grants 11 Accounting for investments 12 See Answer

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In: AccountingWrite a report (1000 words) on applications of various accountingstandards in an organisation’s / company...Write a report (1000 words) on applications of various accountingstandards in an organisation’s / company annual report(at least 2accounting standard ) LO1 and LO2.*Kindly mention the sites’ link used for the reference.