Accounting Standards (UK)

Accounting Standards (UK) are a set of rules and guidelines that ensure companies prepare financial statements in a consistent, transparent, and accurate manner. They help stakeholders, such as investors and regulators, understand a company's financial health and compare it fairly across different businesses. These standards cover how to recognize, measure, and disclose financial information, promoting trust and accountability in financial reporting. By following these standards, companies provide clear insights into their economic activities, supporting informed decision-making and maintaining confidence in the financial markets.