Discuss possible factors that contribute to these difference

Reference no: EM13129933

The process by which accounting standards has evolved over time worldwide differs significantly from country to country based on many factors.
(1) Discuss possible factors that contribute to these differences in accounting standards.
(2) list the possible benefits from harmonizing accounting standards worldwide through the efforts of the International Financial Reporting Standards (IFRS).

Reference no: EM13129933

Questions Cloud

Illustrate what are the variable expenses per unit : The company plans to sell 17,000 bookbags this year. Illustrate what are the variable expenses per unit?

Investing for future returns : Suppose you are committed to owning a $199,000 Ferrari. If you believe your mutual fund can achieve a 12 percent annual rate of return and you want to buy the car in 9 years on the day you turn 30, how much must you invest today?

Write a java program called salesinfominer : Write a Java program called SalesInfoMiner that reads in a file of products, stored in text format. The program must then read in information about past sales transactions and output all the products to a new file, sorted by product description,..

Problem regarding quarterly sales forecast : Adams Sporting Goods sells bicycles throughout the southeastern United States. The following data were taken from the most recent quarterly sales forecast:

Discuss possible factors that contribute to these difference : The process by which accounting standards has evolved over time worldwide differs significantly from country to country based on many factors.

Test whether sample standard deviation differs significantly : Eight randomly selected plants have heights 172, 156, 154, 163, 170, 169, 170 and 164 cms. Test whether the sample standard deviation differs significantly?

Future value of coin collection : Your coin collection contains 53 1952 silver dollars. If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2063, assuming they appreciate at a 4.4 percent annual rat..

Illustrate what amount should clay report as capitalized : the total amount of interest incurred by Clay during Year 8 was $102,000. Illustrate what amount should Clay report as capitalized interest at December 31, Year 8?

True regarding nicotine-sexual discrimination and addiction : True regarding nicotine usage and True concerning sexual discrimination and True concerning the dynamics of sexual discrimination.

User Account

All Pages