Harmonization
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Is harmonization possible? Why or why not? (1 Paragraph)
What role would technology play if there was a move to harmonization of accounting standards across countries? (1 paragraph)
Do I face any additional ethical responsibilities when accounting across cultural and national boundaries? Why or why not? (1 to 2 Paragraphs)
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Solution Summary
The response addresses the queries posted in 562 words with references.
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The response addresses the queries posted in 562 words with references.
//The concept of Harmonization is developed in order to maintain a connection between the Accounting Standards so that the organization can maintain the accounting records by complying according to the standards of the GAAP. Before starting a paper like this, it is important to discuss the concept of Harmonization along with discussing the existence of this concept.//
Is Harmonization Possible?
The interrelation of the concept of the Harmonization with the Accounting Standards can be understood in this way that this process ascertains that the organization is complying according to the principles of the GAAP. The synchronization between the accounting standards and the organization is mandatory to gain excellence in its functioning. Yes, the harmonization is relevant and possible. This is so because it allows the firm to maintain a harmony with the rules and the regulations of the accounting standards. The importance of ...
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- MBA (IP), International Center for Internationa Business
- BBA, University of Rajasthan
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