logo

The Success of Harmonization in Singapore Presentation 2022

   

Added on  2022-10-19

8 Pages340 Words9 Views
THE SUCCESS OF
HARMONIZATION IN
SINGAPORE
PRESENTED BY: -

Introduction
In the current context, the accounting requirement of every country is different & they uses the
different method to report their financial transactions and event which creates several issues in doing
the financial analysis of the company.
To avoid the difference, the International Accounting Standards Board is established. The
International Accounting Standard Board develop the set of the accounting standards named
International Financial Reporting Standards (IFRS) to promote the uniformity in the financial
reporting.
The harmonization is simply a process of increasing the compatibility of accounting practices by
fixing the degree of variation.

Need of Harmonization
Comparability of financial statement
Consistency in financial reporting
Efficiency in Auditing
Efficiency in stock market

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
The Success of Harmonization in Singapore Research Paper 2022
|15
|3471
|11

The Move to International Financial Reporting Standards
|5
|826
|74

Harmonization in IFRS rules and regulations - Amara Holdings case study
|25
|4830
|435

Perceived Costs and Benefits of Adopting International Accounting Standards in Asian Countries
|9
|2694
|62

Contemporary Issues in Accounting - PDF
|13
|3293
|174

Factors Influencing Accounting Policy Choices in South Asian Countries with Emphasis on IFRS Adoption
|12
|3181
|344