It in any case assists in reporting the economic resources and the changes that have been in the debar of reporting mainly accepted bill principles are practicable and helpful to financial statement users if they will have the pursual qualities : Consistence : The memoir standards must be consistent and the history methods applied must be consistent from one socio-economic conformation to another If there are changes they should be communicated and justified to the financial users through notes to the accounts ... This reduces the cost of reporting and converting the information reported in one co untry to the home country adopted account ! statement standards North America countries have stood by their own for the most part accepted accounting principles ... In America we use Generally accepted principles which are set by financial accounting standards board although we are moving towards convergence world-wide accounting standards ... We in United States use generally accepted accounting principle to govern the presentation ,...If you want to hold fast a full essay, order it on our website: OrderCustomPaper.com
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