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
Do you guys provide Trend Analysis assignment help? I need writing a report on Trend Analysis and it is about 2000 words. Let me know. I need to buy your solution.

Financial analysis The purpose of financial statements is to provide information to all the users of these accounts to assist them in their decision-making. It has to be concer

Q. Explain about Invoice discounting? Invoice discounting is a technique which is able to be used to raise finance against receivables. Invoice discounting works as follows:

Explain the adjustments necessary to translate enterprise value to the total present value of common equity. To acquire the value of the company’s common stock, add the value of

Accounting Framework - Convention of Materiality Materiality means relative significance. In other words whether a matter should be disclosed or not in the financial statement

Weaver Chocolate Co. expects to gain $3.50 per share during the present year, its expected dividend payout ratio is 65%, its expected constant dividend growth rate is 6.0%, and its

Accept-Reject Rule: The decision rule is to accept the project if the computed payback period is less than the standard.  If not, reject it.  While ranking the projects, projec

(a) A debt of $3600 with interest at 6% compounded semiannually is to be amortized by semiannual payments of $900 each, the rst due in 6 months, together with a nal partial payme

Pros and Cons Simulation technique allows experimentation with a model of the real life system. Whenever experimenting with the system itself is risky and/or costly, simulation

What are some instances of restrictive covenants that might be fixed in a bond's indenture? An indenture might involve limitations on future borrowings, restrictions on dividen