International Accounting Standards
Number of pages:
14
ABSTRACT:
This 14 page report discusses international accounting standards and the complexity of financial accounting in terms of multi-national corporations, the global market place. Modern accounting practice can be looked at as a multi-layered system of assumptions, doctrines, formulas, formalities, and much more. Accounting and auditing standards have historically been set by national bodies such as FASB and specialized regulatory agencies in countries all over the world. Each country virtually has its own set of standards. Now, the developing global economy and growth in cross-border financing are creating an environment that would benefit from greater harmonization of accounting standards at both the international and the national levels. Paper includes a one-page executive summary. Bibliography lists 10 sources.
FILE NAME:
File: D0_BWintacc.rtf
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