Accounting standards

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Robert L

 

Date added:

May 13, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1141

 

Was viewed:

8370 times

 

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Essay content:

Given the trends toward greater globalization, the motivations of companies for seeking a uniform accounting system are strong. If companies have to prepare their accounts according to several different sets of rules, in order to communicate with investors in the various capital markets in which they operate or for other national purposes, they incur a considerable cost penalty and feel that money is wasted...
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This significantly limits global opportunities for multinational businesses. Thus, it is important to understand what the differences are between accounting standards, why they exist, and what problems they pose. It is worth noting that no one nation has a set of accounting rules which appears to have such clear merits that they deserve adoption by the whole world...
displayed 300 characters

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