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Define how financial reports are prepared

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Question: - Do you think culture plays a part in how financial policies are designed in your region? And does culture has an impact on how financial reports are prepared? explain in your words

- How does business accounting interrelates closely with national economic policy?

- The differential impact of conservatism on accounting measurement practices internationally has also been demonstrated empirically. Such differences would seem to be reinforced by the relative development of capital markets, the differing pressures of user interests, and the influence of tax laws on accountants in the countries concerned. Comment whether you agree or disagree with the statement

- Accounting values most relevant to the professional or statutory authority for accounting systems and their enforcement would seem to be the professionalism and uniformity dimensions in that they are concerned with regulation and the extent of enforcement or conformity. Explain in your words whether you agree or disagree with the statement.

Reference no: EM132741962

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