Harmonisation of accounting standards, Financial Management

Harmonisation of Accounting Standards

Recognising the required for international harmonisation of accounting standards, in year 1973, the International Accounting Standards Committee (IASC) was established. Recently the IASC has been restructured as International Accounting Standards Board (IASB). The goal of IASC involves promotion of the International Accounting Standards for worldwide acceptance and observance so which the accounting standards in various countries are harmonised. In recent years, requires for international harmonisation of Accounting Standards followed in different countries has grown considerably as the cross-border transfers of capital are becoming increasingly general. Apart from cross-border transfers of capital the companies in order to raise resources globally are listing their securities on several stock exchanges over the financial statement of these companies are prepared on the primary of GAAP.

Posted Date: 2/6/2013 1:03:41 AM | Location : United States







Related Discussions:- Harmonisation of accounting standards, Assignment Help, Ask Question on Harmonisation of accounting standards, Get Answer, Expert's Help, Harmonisation of accounting standards Discussions

Write discussion on Harmonisation of accounting standards
Your posts are moderated
Related Questions
Goodshape Company has currently, an ordinary share capital of Rs. 2.5 million, consisting of 25,000 shares of Rs. 100 each. The management is planning to raise another Rs. 2 milli

Role of Custodians The Securities and Exchange Board of India on 5th May, 1996, through its notification No.S.O.344 (E) has issued the SEBI (Custodian of Securities) Regulation

Question 1: Give the formulae for the Standard Contribution Rate (SCR) and Actuarial Liability (AL) for each of the following funding methods: a) Credit Unit Method b)

Why do you think the host country tends to resist cross-border acquisitions, rather as compared to green field investments? Answer: The host country is inclined to view green f

I want to see the solution that was provided in Feb 2013 for Calculate the new interest rate and excel function pv, Financial Accounting

discuss the applicability of operating cycle and any other financial management in poultry business in uganda

Q. Example on Bills of exchange? ARG Co will be apprehensive to protect the sterling value of its expected dollar receipt. The quoted forward rates demonstrate that the dollar

Inventory T ur nover In the accounting, a measure of the number of times that the average amount of inventory on hand is sold within a given time of period. In the o

What is risk free rate of return There is a 'risk free rate of return' (also known as time preference rate) which is used to compensate for the loss of not being able to invest