Accounting Standards and Convergence Scenario

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Accounting Standards and Convergence Scenario

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Author Alok Kumar Pramanik
Features
  • Book Author: Alok Kumar Pramanik
  • Edition: 1st ed.
  • Binding: Hardcover
  • Language: English
  • ISBN -13: 9788184503913
  • ISBN -10: 8184503911
  • Publisher: Deep & Deep Publishers
  • Publishing year: 2011
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  • 10 Days Replacement Policy.
The increasing integration of the world capital markets and the explosive growth of cross-border financial transactions in 21st Century have made it an imperative
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The increasing integration of the world capital markets and the explosive growth of cross-border financial transactions in 21st Century have made it an imperative need to create a common world wide language for communication of financial information. This present lack of a common accounting language imposes significant burdens on those financial regulators that have to deal with financial reports prepared under different frameworks. The existence of diverse financial reporting frame works also creates problems for those involved in cross-border investing and cross-border security listings. There is a growing realization that a globally accepted common language will aid world economic growth by enhancing the efficiency of capital markets around the world. Convergence of accounting standards is the need of the hour for the purpose of maintaining the uniformity of accounting and reporting practice.

More Information about Accounting Standards and Convergence Scenario

Book Author Alok Kumar Pramanik
Edition 1st ed.
Binding Hardcover
Language English
ISBN -13 9788184503913
ISBN -10 8184503911
Publisher Deep & Deep Publishers
Publishing year 2011

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