External link to The Overview of International Accounting Standards

The Overview of International Accounting Standards

This paper seeks to write about an overview of international accounting standards. The paper will discuss the nature and purpose of these accounting standards, the makers and users. This will also discuss accrual and cash accounting, as way of explaining the importance of these standards. 2. Analysis and Discussions 2. 1 What is the nature and purpose of these international accounting standards? International Accounting Standards […]

External link to Accounting Standards in the United States of America

Accounting Standards in the United States of America

Accounting in the USA The following report will describe and discuss the major elements of accounting in the USA. It will show that the US Generally Accepted Accounting Principles (GAAP) are set by the Financial Accounting Standards Board (FASB), where as the International Accounting Standards (IAS) are set by the International Financial Reporting Standards (IFRS). This report will also state the similarities and differences between […]

External link to The Malaysian Accounting Standards Board Accounting Essay

The Malaysian Accounting Standards Board Accounting Essay

MFRS 101-Presentation of Financial Statements prescribes the footing for presentation of general purpose fiscal statements to guarantee comparison both with the entity ‘s fiscal statements of old periods and with the fiscal statements of other entities. It sets out overall demands for the presentation of fiscal statements, guidelines for their construction and minimal demands for their content. Purpose of fiscal statements Fiscal statements are a […]

External link to Towards the International Accounting Standards

Towards the International Accounting Standards

With increased global and cross boarder economic activities, Most companies are going international and most auditing firms are having clients in countries which are far away from home. The globalization has led to the convergences towards of international accounting standards, which will improve transparency and secure sounds financial reporting; this will be at the interests of investors and government. Convergence towards global accounting standards is […]

External link to Accounting Standards in China and Australia

Accounting Standards in China and Australia

Until recently, China has used a set of accounting standards that were quite unique in their records.  These standards were the legacy of a socialist period in Chinese history and rather than keeping records of loss and profit for a corporation operating in China, they mainly concerned themselves with keeping track of all of the assets available to the corporation. By not keeping close tabs […]

External link to Today’s Country Differences in Accounting Standards

Today’s Country Differences in Accounting Standards

Today’s Country Differences in Accounting Standards There are five main influences on a country’s accounting system. Having a different system of accounting is like having a different culture for countries. There are many different things that dictate how an accounting differs. The relationship between business and providers of capital, political and economic ties with other countries, inflation accounting, level of development, and the national culture […]

External link to Complying with International Accounting Standards

Complying with International Accounting Standards

Title: Contrast and compare the method and footing upon which Nike Corporation studies on foreign currency deductions in footings of IAS 21 and all other relevant IAS IFAS ordinances. In the event if the company reports harmonizing to international criterions, discourse the deductions in relation to the criterions applied in the Home state of the corporation. Introduction Globally, there are figure of accounting criterions, most […]

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