{"id":18338,"date":"2019-04-01T13:06:34","date_gmt":"2019-04-01T13:06:34","guid":{"rendered":"https:\/\/www.legalraasta.com\/blog\/?p=18338"},"modified":"2021-03-23T05:43:07","modified_gmt":"2021-03-23T05:43:07","slug":"accounting-standards","status":"publish","type":"post","link":"https:\/\/www.legalraasta.com\/blog\/accounting-standards\/","title":{"rendered":"Concept of Accounting standards- A Study"},"content":{"rendered":"<p>Accounting standards refine, boost and enhance the exposure directness of financial reporting and its position.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.legalraasta.com\/blog\/accounting-standards\/#Meaning_of_Accounting_Standards\" title=\"Meaning of Accounting Standards\">Meaning of Accounting Standards<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.legalraasta.com\/blog\/accounting-standards\/#Characteristics\" title=\"Characteristics\">Characteristics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.legalraasta.com\/blog\/accounting-standards\/#Objectives\" title=\"Objectives\">Objectives<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.legalraasta.com\/blog\/accounting-standards\/#Applications_of_accounting_standards_for_companies\" title=\"Applications of accounting standards for companies\">Applications of accounting standards for companies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.legalraasta.com\/blog\/accounting-standards\/#Merits\" title=\"Merits\">Merits<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.legalraasta.com\/blog\/accounting-standards\/#Demerits\" title=\"Demerits\">Demerits<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Meaning_of_Accounting_Standards\"><\/span><strong>Meaning of Accounting Standards<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Accounting Standards are inscribed as directorial principles. The documents furnished by expertise regulatory authority in accounting association or by the government administration shielding the exposure of.<\/p>\n<ol>\n<li>Certification<\/li>\n<li>Dimension<\/li>\n<li>Ministration<\/li>\n<li>Demonstration<\/li>\n<li>A revelation of financial transactions<\/li>\n<li>Accounting and bookkeeping records and policies<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Characteristics\"><\/span><strong>Characteristics<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On the basis of the meaning of accounting standard, we can state that the document is a director, authoritarian, solution provider, and coordinator in the arena of the accounting procedure.<\/p>\n<ul>\n<li><strong>As a director<\/strong><\/li>\n<\/ul>\n<p>The accounting standard directs the accounting and bookkeeping records, practice, procedure, and policies. It is a guideline for accountants.<\/p>\n<ul>\n<li><strong>As an authoritarian<\/strong><\/li>\n<\/ul>\n<p>It can reject the outcomes of accounting practice and procedure and policies so that if the financial reports of conflicts it can be contrasted.<\/p>\n<ul>\n<li><strong>A Solution Provider<\/strong><\/li>\n<\/ul>\n<p>As it\u2019s is a set of guidelines it can deliver solutions to the accountants for accounting procedure. It is a source of information for the financial operators on the base of which financial reports are formulated.<\/p>\n<ul>\n<li><strong>A coordinatorhttps:\/\/www.legalraasta.com\/blog\/depreciation\/<\/strong><\/li>\n<\/ul>\n<p>In standard accounting, there is coordination and consistency which enhance the accounting and <a href=\"https:\/\/www.legalraasta.com\/bookkeeping-services-application-form\/\" target=\"_blank\" rel=\"noopener\">bookkeeping services\u00a0<\/a>of the company. All set of guidelines are fair and strict. Further, That&#8217;s the key to eliminate the varying effect of policies in accounting standards. Even the finest part is it provides solutions to conflicting issues which resolved through the guidelines and act as coordinator to provide a solution to the accountant.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Objectives\"><\/span><strong>Objectives<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Accounting standards have the essence of coordinating, directing, authorizing. It is a solution provider which is generally evaluated as the language for enterprises and linked with the financial position\u00a0of companies. The\u00a0set of the guideline is achieved by forming the standards\u00a0of rules and regulation. Let us explore the objectives\u00a0required to regulate the financial\u00a0statements and positions of companies.<\/p>\n<ul>\n<li>Financial statements have to follow up in accordance with accounting standards for the user can dependence. So the prime focus is to refine\u00a0the reliability of financial statements and in case the confirmation to the standards are not fulfilled, serious issues plus consequences a company can face.<\/li>\n<li>Ensuring the standards will permit for external and internal\u00a0firm comparisons and that will upgrade and advance\u00a0the firm financial position in the market. Comparing\u00a0your company standard\u00a0position with another is also the motive of accounting standards.<\/li>\n<li>Outlooking the comparison\u00a0criteria the accounting standards deliver accounting policies that comprise of disclosure need and evaluation methods of variant financial statements and transactions.<\/li>\n<\/ul>\n<h2 class=\"western\"><span class=\"ez-toc-section\" id=\"Applications_of_accounting_standards_for_companies\"><\/span><strong>Applications of accounting standards for companies<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This application checklist is needed to be taken into account as they are mandatory to follow up by the companies for knowing its financial position.<\/p>\n<p><a href=\"https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/04\/Untitled-design-16.jpg\"><img decoding=\"async\" class=\"alignnone size-full wp-image-19263\" src=\"https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/04\/Untitled-design-16.jpg\" alt=\"\" width=\"794\" height=\"1123\" srcset=\"https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/04\/Untitled-design-16-200x283.jpg 200w, https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/04\/Untitled-design-16-212x300.jpg 212w, https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/04\/Untitled-design-16-400x566.jpg 400w, https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/04\/Untitled-design-16-600x849.jpg 600w, https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/04\/Untitled-design-16-724x1024.jpg 724w, https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/04\/Untitled-design-16-768x1086.jpg 768w, https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/04\/Untitled-design-16.jpg 794w\" sizes=\"(max-width: 794px) 100vw, 794px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>This a checklist for accounting standards is compulsory and one can go through all the AS No for and the accounting standards like<a href=\"https:\/\/www.legalraasta.com\/cash-flows-problem\/\" target=\"_blank\" rel=\"noopener\"> cash flow statements<\/a>, financial instruments, <a href=\"https:\/\/www.legalraasta.com\/blog\/depreciation\/\" target=\"_blank\" rel=\"noopener\">depreciation<\/a> and many more gaining a high financial position in every financial year.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Merits\"><\/span><strong>Merits<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Accounting Standards are inscribed as directorial principles and the documents furnished by professional and expertise in accounting association or by the government administration or other regulatory authority shielding the exposure of certification, dimension, ministration, demonstration, and revelation of financial accounting transactions policies and practice.<\/p>\n<p>Forming upon the characteristics and objectives of accounting standards its clear vision that it does provide a sense of benefits in financial accounting transactions policies and practice to the enterprises and business. A glimpse of the merits in accounting standards.<\/p>\n<ul>\n<li>The accounting standards render perfect accounting regulation, policies, and rules in a registered written format and all the policies need to be follow up. So if an auditor evaluates that the policies have been systematically followed he states that\u00a0financial statements are fair and factual.<\/li>\n<li>The Accounting standard is body support for the financial position of a company and is compulsory to follow up. Further, these accounting fundamentals and techniques help in identifying the manipulative\u00a0financial data by any entity or the companies. These standard sets eliminate the activity of frauds.<\/li>\n<li>In the arena of accounting standards, all the companies whether its national or international form up the same set of standard guidelines their financial accounts. But t\u200b_he financial\u00a0positions are comparable. The financial statements can be inspected and compare the financial progress of numerous companies before coming to any decisions.<\/li>\n<\/ul>\n<p class=\"content\">In the arena of accounting standards, all the companies whether its national or international form up the same set of standard guidelines their financial accounts. But the financial\u00a0positions are comparable. The financial statements can be inspected and compare the financial progress of numerous companies before coming to any decisions.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Demerits\"><\/span><strong>Demerits<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The accounting standards deliver refined <a href=\"https:\/\/www.legalraasta.com\/blog\/accounting-methods\/\" target=\"_blank\" rel=\"noopener\">accounting methods<\/a>, regulation, policies, and which need to be follow up. In fact, there are little limitations of Accounting Standards updated by the regulatory bodies.<\/p>\n<ul>\n<li>Accounting Standards cannot overrule the laws the standards have restricted scope. In addition, Financial Statements have to be shaped while keeping laws in mind which limits the best policies for the enterprises. Laws are mandatory\u00a0to follow and no company would ever let it reputation down, so you have to follow them in any situation.<\/li>\n<li>The accounting standards will never provide guidelines to choose what is best for the companies and business. You need to allocate the best policies and choose the alternative policies which are a very complex decision for the company and its management.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>For more details related to <a href=\"https:\/\/www.legalraasta.com\/accounting-bookkeeping\/\" target=\"_blank\" rel=\"noopener\">accounting and bookkeeping services<\/a>, and we also have refined <a href=\"https:\/\/www.legalraasta.com\/accounting-billing-software\/\" target=\"_blank\" rel=\"noopener\">accounting software<\/a>. You can visit our website: <a href=\"https:\/\/www.legalraasta.com\/\" rel=\"noopener\">LegalRaasta<\/a>. Our experts will help you to make your entries and keep it safe. So, give us a call at 8750008585 and feel free to send your query on Email: <a href=\"mailto:contact@legalraasta.com\" rel=\"noopener\">contact@legalraasta.com<\/a><\/p>\n<blockquote><p>Related Articles:<\/p>\n<p><a href=\"https:\/\/www.legalraasta.com\/blog\/oltas\/\" target=\"_blank\" rel=\"noopener\"><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;OLTAS: Online Tax Accounting System in India&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15041,&quot;3&quot;:{&quot;1&quot;:0},&quot;9&quot;:0,&quot;10&quot;:2,&quot;12&quot;:0,&quot;14&quot;:[null,2,0],&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:11}\">Online Tax Accounting System<\/span><\/a><\/p>\n<p><a href=\"https:\/\/www.legalraasta.com\/blog\/changes-in-indian-accounting-standard-for-nbfcs\/\" target=\"_blank\" rel=\"noopener\"><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Changes in Indian Accounting Standard for NBFCs&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:15233,&quot;3&quot;:{&quot;1&quot;:0},&quot;10&quot;:2,&quot;11&quot;:0,&quot;12&quot;:0,&quot;14&quot;:[null,2,0],&quot;15&quot;:&quot;Calibri, sans-serif&quot;,&quot;16&quot;:11}\">Changes in Indian Accounting Standard for NBFCs<\/span><\/a><\/p><\/blockquote>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Accounting standards refine, boost and enhance the exposure directness of financial reporting and its position. Meaning of Accounting Standards Accounting Standards are inscribed as directorial principles. The documents furnished by expertise regulatory authority in accounting association or by the government administration shielding the exposure of. Certification Dimension Ministration Demonstration A revelation of financial transactions Accounting and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18404,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[2056,2057,2062,2061,529,2060,2059,2058,2063],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Accounting Standards meaning | Features and Merits | LegalRaasta |<\/title>\n<meta name=\"description\" content=\"the meaning of accounting standards, we can state that the document is a director, authoritarian, solution provider, and coordinator in.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalraasta.com\/blog\/accounting-standards\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Accounting Standards meaning | Features and Merits | LegalRaasta |\" \/>\n<meta property=\"og:description\" content=\"the meaning of accounting standards, we can state that the document is a director, authoritarian, solution provider, and coordinator in.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legalraasta.com\/blog\/accounting-standards\/\" \/>\n<meta property=\"og:site_name\" content=\"LegalRaasta Knowledge portal\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-01T13:06:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-03-23T05:43:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/03\/photo-1521540216272-a50305cd4421.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"399\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sakshi Sachdeva\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sakshi Sachdeva\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.legalraasta.com\/blog\/accounting-standards\/\",\"url\":\"https:\/\/www.legalraasta.com\/blog\/accounting-standards\/\",\"name\":\"Accounting Standards meaning | Features and Merits | LegalRaasta |\",\"isPartOf\":{\"@id\":\"https:\/\/www.legalraasta.com\/blog\/#website\"},\"datePublished\":\"2019-04-01T13:06:34+00:00\",\"dateModified\":\"2021-03-23T05:43:07+00:00\",\"author\":{\"@id\":\"https:\/\/www.legalraasta.com\/blog\/#\/schema\/person\/84edc8d40b3e5c8cea92fef52af1c762\"},\"description\":\"the meaning of accounting standards, we can state that the document is a director, authoritarian, solution provider, and coordinator in.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.legalraasta.com\/blog\/accounting-standards\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.legalraasta.com\/blog\/accounting-standards\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.legalraasta.com\/blog\/accounting-standards\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.legalraasta.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Accounting\",\"item\":\"https:\/\/www.legalraasta.com\/blog\/category\/types-of-accounting-methods\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Concept of Accounting standards- A Study\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.legalraasta.com\/blog\/#website\",\"url\":\"https:\/\/www.legalraasta.com\/blog\/\",\"name\":\"LegalRaasta Knowledge portal\",\"description\":\"Information on company registration, FSSAI, IEC, MSME, trademark, ISO and registrations\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.legalraasta.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.legalraasta.com\/blog\/#\/schema\/person\/84edc8d40b3e5c8cea92fef52af1c762\",\"name\":\"Sakshi Sachdeva\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.legalraasta.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2024\/05\/sakshi2-150x150.jpeg\",\"contentUrl\":\"https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2024\/05\/sakshi2-150x150.jpeg\",\"caption\":\"Sakshi Sachdeva\"},\"description\":\"An experienced professional, Sakshi Sachdeva has been instrumental in propelling Legal Raasta's content creation efforts. Her career path has been varied, with notable stops in the textile, telecom, transportation, and communication sectors. She holds an MCA and an MSc in software degree.\",\"url\":\"https:\/\/www.legalraasta.com\/blog\/author\/legalraastablog\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Accounting Standards meaning | Features and Merits | LegalRaasta |","description":"the meaning of accounting standards, we can state that the document is a director, authoritarian, solution provider, and coordinator in.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.legalraasta.com\/blog\/accounting-standards\/","og_locale":"en_US","og_type":"article","og_title":"Accounting Standards meaning | Features and Merits | LegalRaasta |","og_description":"the meaning of accounting standards, we can state that the document is a director, authoritarian, solution provider, and coordinator in.","og_url":"https:\/\/www.legalraasta.com\/blog\/accounting-standards\/","og_site_name":"LegalRaasta Knowledge portal","article_published_time":"2019-04-01T13:06:34+00:00","article_modified_time":"2021-03-23T05:43:07+00:00","og_image":[{"width":500,"height":399,"url":"https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/03\/photo-1521540216272-a50305cd4421.jpeg","type":"image\/jpeg"}],"author":"Sakshi Sachdeva","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Sakshi Sachdeva","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.legalraasta.com\/blog\/accounting-standards\/","url":"https:\/\/www.legalraasta.com\/blog\/accounting-standards\/","name":"Accounting Standards meaning | Features and Merits | LegalRaasta |","isPartOf":{"@id":"https:\/\/www.legalraasta.com\/blog\/#website"},"datePublished":"2019-04-01T13:06:34+00:00","dateModified":"2021-03-23T05:43:07+00:00","author":{"@id":"https:\/\/www.legalraasta.com\/blog\/#\/schema\/person\/84edc8d40b3e5c8cea92fef52af1c762"},"description":"the meaning of accounting standards, we can state that the document is a director, authoritarian, solution provider, and coordinator in.","breadcrumb":{"@id":"https:\/\/www.legalraasta.com\/blog\/accounting-standards\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.legalraasta.com\/blog\/accounting-standards\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.legalraasta.com\/blog\/accounting-standards\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.legalraasta.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Accounting","item":"https:\/\/www.legalraasta.com\/blog\/category\/types-of-accounting-methods\/"},{"@type":"ListItem","position":3,"name":"Concept of Accounting standards- A Study"}]},{"@type":"WebSite","@id":"https:\/\/www.legalraasta.com\/blog\/#website","url":"https:\/\/www.legalraasta.com\/blog\/","name":"LegalRaasta Knowledge portal","description":"Information on company registration, FSSAI, IEC, MSME, trademark, ISO and registrations","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.legalraasta.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.legalraasta.com\/blog\/#\/schema\/person\/84edc8d40b3e5c8cea92fef52af1c762","name":"Sakshi Sachdeva","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.legalraasta.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2024\/05\/sakshi2-150x150.jpeg","contentUrl":"https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2024\/05\/sakshi2-150x150.jpeg","caption":"Sakshi Sachdeva"},"description":"An experienced professional, Sakshi Sachdeva has been instrumental in propelling Legal Raasta's content creation efforts. Her career path has been varied, with notable stops in the textile, telecom, transportation, and communication sectors. She holds an MCA and an MSc in software degree.","url":"https:\/\/www.legalraasta.com\/blog\/author\/legalraastablog\/"}]}},"_links":{"self":[{"href":"https:\/\/www.legalraasta.com\/blog\/wp-json\/wp\/v2\/posts\/18338"}],"collection":[{"href":"https:\/\/www.legalraasta.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legalraasta.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legalraasta.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legalraasta.com\/blog\/wp-json\/wp\/v2\/comments?post=18338"}],"version-history":[{"count":28,"href":"https:\/\/www.legalraasta.com\/blog\/wp-json\/wp\/v2\/posts\/18338\/revisions"}],"predecessor-version":[{"id":22900,"href":"https:\/\/www.legalraasta.com\/blog\/wp-json\/wp\/v2\/posts\/18338\/revisions\/22900"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.legalraasta.com\/blog\/wp-json\/wp\/v2\/media\/18404"}],"wp:attachment":[{"href":"https:\/\/www.legalraasta.com\/blog\/wp-json\/wp\/v2\/media?parent=18338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legalraasta.com\/blog\/wp-json\/wp\/v2\/categories?post=18338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legalraasta.com\/blog\/wp-json\/wp\/v2\/tags?post=18338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}