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International Business
Essay specific features
Written by:
Brett L
Date added:
October 1, 2015
Level:
University
Grade:
A
No of pages / words:
15 / 4028
Was viewed:
7667 times
Rating of current essay:
Essay content:
(Economist 20th December 2003).
There are certainly many advantages by introducing one global accounting standard, but it has undoubtedly met fierce resistance towards the new approach. The process of introducing one global accounting standard is definitely not easy, as it involves many countries, governments, investors, companies, and so on, but it however furthermore involves the countries social development and their culture, which can provide vast transformation...
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They use the standards for making financial reports there can attract investors and thereby liquidity for merger and acquisitions. Today there is just that problem that it can be difficult for investors to compare companies in different countries with diversity in how the financial reports are made.
For multinational companies the availability of one set of global accounting standards reduces the costs compared with dual reporting...
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