Term Paper: Convergence of Accounting Standards

Sample Term Paper

The main theme of this article is presentation of a single set of standards that can be implemented globally without any complications. The two main bodies of this project are the FASB and IASB who have been working on the project since 2002 and have articulated a deadline of 2011 for convergence of accounting standards.

The Norwalk agreement was the first step for initiation of convergence when the two boards signed memoranda of understanding for convergence of accounting standards issues separately by the two boards. The agreement entails that that those standards which are mutually agreed to be more suitable from the two sets of standards will be implemented. Furthermore, new standards will be developed in place of standards of both boards which are deemed to be outdated or insufficient for the overall accounting framework and all member states will be responsible for implementing these standards in their respective regulatory environments (Defelice).

Place your custom writing order at an affordable price, written by professional writers

 


Related pages

A+ papers are what we do the best, and that’s our promise!

We believe our success is due to countless of satisfied customers who continue to trust us and cherish this professional relationship. Our custom essays are guaranteed to be original and delivered before the deadline.

  • Countless students worldwide are satisfied with our professional writing services.
  • Professionally written custom paper according to your specific instructions.
  • We offer the most experienced bank of dependable and capable academic writers.
  • All assignments are thoroughly researched and 100% guaranteed as original.
  • 100% privacy guaranteed – your private information is strictly confidential.
  • Dedicated 24/7 friendly support team, always available to assist you.

—————————————————————-

Tags:

Comments are closed.