Which is NOT a likely advantage of the global harmonisation of accounting standards? A. Greater comparability...
Which is NOT a likely advantage of the global harmonisation of accounting standards?
| A. |
Greater comparability between different firms |
|
| B. |
Greater compatibility with legal systems |
|
| C. |
All of the above |
|
| D. |
Easier for large international accounting firms |
|
| E. |
Greater ease for preparing consolidated financial statements |
Homework Answers
Answer -
| D. |
Easier for large international accounting firms |
global harmonization of Accounting standards ensures greater comparability and compatibility between various organisations and legal systems.
It ensures that challenges faced by large organisations in reporting in multiple different accounting standards are addressed.
further consolidated financial statements can be prepared with ease due to harmonized accounting standards.
Global harmonization of accounting standards has nothing to do with ease of preparing financial statements for large or small accounting firms.
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Which is NOT a likely advantage of the global harmonisation of
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Please help me to figure out
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