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Report | Application of Accounting Standards

   

Added on  2020-04-01

8 Pages2173 Words37 Views
1Accounting Theory<Student ID><Student Name><University Name>
Report | Application of Accounting Standards_1
2Execute SummaryIn this report the application of accounting standards is considered as a necessary precedentfor ensuring credibility and transparency of accounting management infrastructures all overthe world. The foremost advantage that can be drawn from the employment of accountingstandard setters such as FASB or IASB is the formulation of new regulations that couldensure that organizations have to comply with a specific set of reporting standards in order toprovide a credible interpretation of their account management details.
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3ContentsIntroduction:...............................................................................................................................4Impact of IAS 38 adoption in Australia:....................................................................................4Impact of IAS 38 in Europe:......................................................................................................5Understanding IAS 38 from a global perspective:.....................................................................6Conclusion:................................................................................................................................7References..................................................................................................................................8
Report | Application of Accounting Standards_3

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