accounting assignment:会计准则有点缺点分析 [2]
论文作者:英语论文论文属性:作业 Assignment登出时间:2015-07-02编辑:Karlie点击率:4968
论文字数:1107论文编号:org201507012044593958语种:英语 English地区:新加坡价格:免费论文
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摘要:本论文主要阐述了会计准则的优缺点,从财务报表、会计报告等出发仔细分析会计准则的优点与缺点。
the economy to establish joint stock companies with large capital. It's necessary to expand the vision of accounting standards according to communication and delivery of accounting information to lead to the need for that information to let them assess the performance of businesses to make good decisions with regards to their investment. Accounting standards are a very significant practice as it leads to effective corporate governance programs. They also provide a useful mechanism to rebuild the corporate values.Schipper, K. (2003). Principles-Based Accounting Standards. Accounting Horizons, 17(1), 61-72
The Need for Accounting Standards:
The need for accounting standards has been a very important aspect to ensure that comparability, accuracy and transparency are needed for the integration of European financial markets, which is according to the International Accounting Standards Committee (IASC). We need accounting standards to develop the measures of performance in any form of life, whether it is in financial reporting, returns and funds, or even playing a game. Actually, high quality financial reporting is connected with efficient capital markets so as to lead for investment to be well done. If we want the economy to function efficiently, we should have accounting standards because they help us reach our destiny. With accounting standards and good financial reporting, customers can get a clear image about business activities and financial conditions. To make it very clear, I will just mention a small example created by me that will really denote and clarify the real need for accounting standards in any business enterprise. With known and organized accounting standards, when the amount of the net income of Fathiya Company and Abeer Company is 2 million Omani Rials, we are sure that we can make a meaningful comparison. According to Schipper (2003) says that without standards, we cannot get the core aspect of assurance, for instance, whether Fathiya Company is considering the orders of the future as current sales or releasing a big amount of its expenses.Financial Accounting Standards Board, https://www.fasb.org
Business without Accounting Standards:
It was clear that accounting standards are very important to any business. Businesses can do whatever they want to reach certain goals without the need for accounting standards, but not as well as businesses that take accounting standards into account. Without accounting standards, businesses cannot guarantee that they will consider their future list of objectives or will leave some expenses. Furthermore, businesses cannot organize operations with their customers, suppliers and even competitors without applying at least some accounting standards. Moreover, if businesses do not apply accounting standards, they definitely will not be able to structure their business well and will lead to the corporate values to be missed.Elliot, B. and Elliot, E. 'Financial Accounting and Reporting' 13th edition, 2009 Chapters 5 and7
Accounting Standards in Oman and abroad:
Oman has prepared the financial statements in accordance with International Accounting standards (IAS), the interpretations which are prepared by the Standing Interpretation Committee of the IASC and the requirements of the Commercial Companies Law of the Sultanate of Oman and the requirements set out in the rules for discl
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