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What is Accounting Standards

Chapter 3
Handbook of Research on Entrepreneurship in the Contemporary Knowledge-Based Global Economy
Accounts Standards are the principles that guide for the regular accounting practices of the enterprises. These Standards are necessary for preparing the financial accounting statements and their interpretation on universal level.
Published in Chapter:
Inclusive Entrepreneurship for the Micro, Small, and Medium Enterprises: The Economic Perspective
Aniruddha Vilas Thuse (Anekant Institute of Management Studies Baramati, India)
Copyright: © 2016 |Pages: 28
DOI: 10.4018/978-1-4666-8798-1.ch003
Abstract
An inclusion of entrepreneurship practices within organization is outcome of its style and culture. The Micro, Small and Medium Enterprises or MSMEs in developing countries are needed to be much innovative by replacing the traditional ways of running their businesses. Knowledge Management in all functional processes is unavoidable insertion for them now days. In this chapter, the focus is thrown on this important aspect. The necessary information is collected from the secondary published data about the MSME sector in India and other Asian countries. This chapter will highlight the essentials of entrepreneurship for the MSME and is attempted to provide suggestions to the selected groups as far their productive development is considered. The MSME sector of India is taken as a study- base for discussion. But the applications are suitable for the MSME in other developing countries also.
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Chapter 13
Significance of Audit Committees in Corporate Governance
A collection of well-designed practices and procedures applied on bookkeeping and accounting practices across firms and time.
Published in Chapter: Significance of Audit Committees in Corporate Governance; From: Handbook of Research on the Significance of Forensic Accounting Techniques in Corporate Governance
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