|
Accounting has been influenced by the legal, political, social and economic variables. Just as nations have different cultures, values and politics they also have different patterns of financial accounting development. In Japan the bureaucracy is the strongest influence on accounting development and effectively controls the profession.
The International Accounting Standards Committee (IASC) was set up to firstly formulate and publish, in the public interest, accounting standards to be observed in the presentation of financial statements and to promote their worldwide acceptance, and secondly to work generally for the improvement and harmonisation of regulations, accounting standards and presentation of financial statement procedures.
Approximate Word count = 497
Approximate Pages = 2
(250 words per page double spaced)
|
|
