International Financial Reporting Standards
The Financial Accounting Standards Board (FASB) has been working closely with the International Accounting Standards Board (IASB) since the latter was formed to develop global standards accounting. The impetus for this work is the globalization of capital. Firms have long had extensive international operations and are now increasingly raising capital on a global basis. Thus, a single set of high-quality standards is needed to support this.
KeywordsCash Flow Private Company Account Standard Generally Accept Accounting Principle Financial Account Standard Board
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