The development of uniform international accounting: an enquiry into the problems, progress and prospects
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Authors
Ahmad, Suleiman Mumtaz
Subjects
International Corporations
Multinational Corporations
International Accounting
Multinational Corporations
International Accounting
Advisors
Fremgen, J.M.
Date of Issue
1975-12
Date
Publisher
Language
en_US
Abstract
The last three decades have witnessed a rapidly growing
internationalization of business activities. Because the accounting
standards and practices of different countries have developed
in response to diverse environments, accounting has developed
with strong national accents. Consequently, an enterprise with
investments in many countries has difficulty in achieving a consolidated
financial report from a multiplicity of accounting
practices. Further, the investors in these enterprises find
it difficult to understand and evaluate the financial statements
developed from a wide range of accounting standards.
The accounting profession has addressed itself to these
problems at recent international congresses of accountants. It
established the International Coordination Committee for the
Accounting Profession and the International Accounting Standards Committee with the specific objective of developing uniform
international accounting standards.
This study has evolved from a scrutiny of the growing wealth
of literature that concerns itself with the problems of international
accounting. This study leads to a conclusion supporting
the development of uniform international accounting.
Type
Thesis
Description
Series/Report No
Department
Management
Organization
Naval Postgraduate School (U.S.)
Identifiers
NPS Report Number
Sponsors
Funder
Format
Citation
Distribution Statement
Approved for public release; distribution is unlimited.