Tag Archives | Accounting Standards

Corporate Management and Accounting Standards

In this article we will discuss about the role of corporate management in determination of accounting standards. Corporate managements play a central role in the determination of accounting standards. Corporate management is central to any discussion of financial reporting, whether at the statutory, or regulatory level or at the level of official pronouncements of accounting […]

Harmonization of Accounting Standards

In this article we will discuss about the difficulties in harmonization of accounting standards with suggestions. Difficulties in Harmonization of Accounting Standards: Many difficulties have been faced in the harmonization programmes commenced by international agencies, especially by IASC (now IASB) which are as follows:  1. Difficulties in the Development of Standards: The main difficulties in […]

International Accounting Standards Committee (IASC) Foundation

In this article we will discuss about the International Accounting Standards Committee (IASC) Foundation:- 1. History of IASC Foundation 2. Organization of the IASC Foundation 3. Relation with IOSCO. History of IASC Foundation: The IASC Foundation is an independent body, not controlled by any particular Government or professional organization. Its main purpose is to oversee […]

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