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Essay Details:
Essay text:
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. 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...
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Common topics in this essay:
- Accounting Standards
- Accounting Standards
- Accounting standards
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