Contents
Introduction 3- Various discussions about Globalization of accounting rules: 4
- The effects of Globalization 5
- The Reverse effects of globalization 5
- Influence of Globalization on GAAp rules: 6
- Different issues with respect to globalization of accounting guidelines: 7
- Harmonization 8
- Barriers to the harmonization of accounting standards 9
- Conclusion 12
- Bibliography 14
Description
This report is based on the following requirements -
“Globalization of accounting rules is the only way forward. If the world uses only a global set of accounting rules then potentially future corporate collapses can be avoided.”
Discuss the above statement in depth by considering the arguments for and against a single set of global accounting rules. Will the use of such rules prevent major corporate collapses?
