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Essay text:
(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.
FASB and IASB have in 2006 published the first part of the proposal for their new joint conceptual framework, a significant step towards using only when set of international accounting standards...
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Common topics in this essay:
- Analysis Of Liquidity Development In Russia After 1998 Financial Crisis
- business reports
- Failures of International Mergers and Acquisitions
- Financial Reports
- How would International Financial Reporting Standards affect the quality of Canadian accounting information?
- International Financial Reporting Standards
- Managing International Acquisitions
- Managing International Acquisitions
- Merger&acquisitions
- merger's & acquisitions
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- What Do Users Of Financial Reports Want
- any business and economics related articles, journals, reports
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- The statement of financial performance is based on data relating to past transactions and events. Hence the statement of financial performance is of no use to an investor’s decision making process.
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