Vol. 2‚ No. 2 International Business Research Harmonization of Accounting Standards through Internationalization Nikhil Chandra Shil‚ ACMA (Corresponding Author) Department of Business Administration East West University 43‚ Mohakhali C/A‚ Dhaka – 1212‚ Bangladesh Tel: 9887989(Off.) ext 253‚ 01819289589 (M) Dr. Bhagaban Das P.G. Department of Business Management‚ Fakir Mohan University P. O.: Balasore‚ Pin.: 756019‚ Orissa‚ India E-mail: bhagaban_fm@yahoo.com Alok Kumar Pramanik Department
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Research Journal of Finance and Accounting ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) Vol 2‚ No 4‚ 2011 www.iiste.org Compliance of IAS-30: A Case Study on the Specialized Banks of Bangladesh Md. Shamim Hossain (Corresponding author) School of Business and Economics‚ Manarat International University Plot # CEN 16‚ Road # 106 Gulshan‚ Dhaka-1212‚ Bangladesh E-mail: samimhosain@yahoo.com Mobile No.: +8801927652385 Abdul Alim Baser Brac Business School‚ Brac University 66 Mohakhali Dhaka
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Running Head: ACCOUNTING STANDARDS BOARDS PAPER Accounting Standards Boards Paper Lila Alemar ACC 541 Shauki Smith May 24‚ 2010 History of the relationship between IASB and FASB The International Accounting Standards Board (IASB) began operations in 2001. It is an organization committed to developing‚ in the public interest‚ a single set of high quality‚ global accounting standards that require transparent and comparable information in general purpose financial
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7101AFE Financial Accounting Theory and Practice Tutorial Questions for Tutorials 1- 6: Semester 1 2015 TUTORIAL 1 - Semester 1 2015 Deegan Topic 1: Introduction to financial accounting theory QUESTION 1 – Question 1.2: If you developed a theory to explain how a person’s cultural background influences how they prepare financial statements‚ would you have developed a positive theory or a normative theory? The first of all‚ it is important to understand the mean by a ‘theory’. According to Contemporary
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share some similarities in their accounting systems. Being strongly influenced by the individualism culture‚ both countries exercise a high level of professionalism among accountants. There is a common tendency to follow accounting standards bodies in both countries. In the UK this would be the Accounting Standards Board (ASB) which helps to set the Financial Reporting standards (FRS) used in the UK‚ whereas in the Netherlands the Dutch Generally Accepted Accounting Polices (GAAP) are provided by the
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Learning Log Week -2 Lecture: In this lecture I had the understanding‚ why accounting bodies are so heavily regulated by the government. After the corporate collapse‚ accounting body lost the trust of public. Our work was not transparent and therefore‚ was no longer reliable. Regulator body such as ASIC‚ AASB‚ FRC and ASX are formed after the corporate collapse. ASIC is the corporate ‘watch dog’ who monitors FRC‚ AASB and office of AASB. Why we need regulation? Because it is human nature to
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BAO3309 Advanced Financial Accounting Semester 2011 Non-Graded Assessment There are 1 Multiple Choice Questions and you have 13 minutes to complete this assessment 1) Which of the following is true about theories in general? A. Theories can include any coherent set of ideas or statements to explain‚ or provide guidance in respect of‚ certain phenomena B. Theories must be empirically based to describe what is‚ rather than what should be C. Theories must be based on
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Acknowledgement I would like to pay my sincere thanks to‚ University of Delhi‚ South Campus for endowing me with the precious insights needed for working out this Project. He has been very instrumental in communicating the core of this project study and thus without his direction‚ the very inception of this work would not have been possible. Q1. Whether a country’s capital market is debt –oriented or equity oriented has a significant impact on the financial reporting that develops in the
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Essential link in objectives of business -----‘Accounting is dubbed “language” of business activities conducted by firms as it is used to communicate business transactions per se to all stakeholders’ According to Weygand‚ Kieso and Kimmel (2012‚ p.4)‚ the main purpose of accounting is consists of three basic activities‚ identifying‚ recording and communicating the business events by users. These three activities help the firm to operate the business to make decision
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a tradition of common law (UK)‚ specific accounting rules are established by the profession or by an independent nongovernmental body representing a variety of constituencies. Thus‚ the type of legal system in a country tends to determine whether the primary source of accounting rules is the government or a nongovernmental organization. Code Law: the accounting law tends to be rather general and does not provide much detail regarding specific accounting practices and may provide no guidance at all
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