Financial Reporting Standard

From Longman Business DictionaryFinancial Reporting StandardFiˌnancial ˈReporting ˌStandard abbreviation FRS noun [countable usually plural]ACCOUNTING in Britain, one of the rules about how a company’s financial information must be shown, set by the ACCOUNTING STANDARDS BOARD. Similar rules in the US are the GENERALLY ACCEPTED ACCOUNTING PRINCIPLESFinancial Reporting Standard no. 3 requires asset disposals to be separated from other components of the profit and loss account.

单词	Financial Reporting Standard
释义	Financial Reporting Standard From Longman Business DictionaryFinancial Reporting StandardFiˌnancial ˈReporting ˌStandard abbreviation FRS noun [countable usually plural]ACCOUNTING in Britain, one of the rules about how a company’s financial information must be shown, set by the ACCOUNTING STANDARDS BOARD. Similar rules in the US are the GENERALLY ACCEPTED ACCOUNTING PRINCIPLESFinancial Reporting Standard no. 3 requires asset disposals to be separated from other components of the profit and loss account.
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