International Accounting

Essay specific features

 

Issue:

Business

 

Written by:

Pauline F

 

Date added:

October 22, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 656

 

Was viewed:

6300 times

 

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Essay content:

The accountancy bodies fell under the organization of the International Federation of Accountants (IFAC) in 1977. Both the setting of international accounting standards and the publishing of discussion documents dealing with international issues were the primary responsibilities of the IASC. At this time the board consisted of representatives from fourteen different countries...
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At this time the board consisted of representatives from fourteen different countries. For an International Accounting Standard (IAS) to become finalized, it required an approval from eleven of the fourteen board members. In an effort to gain the support of at least eleven members, the earlier IAS would allow two or more alternate methods for dealing with a specific accounting issue...
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