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What are disadvantages of having a uniform accounting standard globally?
Wiki User
∙ 12y ago
Firstly, oh lol!
Wiki User
∙ 12y ago
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What are advantages and disadvantages of having a uniform accounting standard globally?
One of the advantages of having a uniform accounting standard is knowing that you are comparing apples to apples if you were comparing two companies results. For example, if you were comparing a US company that used US GAAP and a company in India which used different accounting standards, you could not be sure that any comparisons would be based on the same methodology. With a uniform accounting standard, all companies would be required to value/measure and report their results the same way, therefore you could do a better comparison between the two companies.
What IS the DISadvantages of PDH?
The PDH interface standard is not uniform,there is 1.5Mbps and 2Mbps. The PDH system have not strong management function.
What are the Needs for accounting standards?
The term standard denotes a discipline, which provides both guidelines and yardsticks for evaluation. As guidelines, accounting standard provides uniform practices and common techniques of accounting. As a general rule, accounting standards are applicable to all corporate enterprises. They are made operative from a date specified in the standard. Accounting is the art of recording transactions in the best manner possible, so as to enable the reader to arrive at judgments/come to conclusions, and in this regard it is utmost necessary that there are set guidelines. These guidelines are generally called accounting policies. The intricacies of accounting policies permitted Companies to alter their accounting principles for their benefit. This made it impossible to make comparisons. In order to avoid the above and to have a harmonised accounting principle, Standards needed to be set by recognised accounting bodies. This paved the way for Accounting Standards to come into existence.
What are the disadvantages of wearing uniform?
many because they stink of paul
Clothing in concentration camps?
was of a standard uniform.
Why does a Uniform distribution have a greater standard deviation?
The answer depends on greater standard deviation that WHAT!
What is uniform system of accounting?
The uniform system is a way for accounting and financial professionals to report the financial activities of a hotel in a common manner within the same industry. With guidance, many errors or less desirable methods of reporting can be eliminated and accounting becomes more transparent to all parties.
Describe cash received from cash sales?
accounting entry for cash received for the sales of office uniform
What is the Definition of accounting standards and what are the accounting standards?
These are set of guidelines & principles formulated by an authorised body for preparation & presentation of Financial statements. AS are the detailed guides for interpretations of issues,terms,Accounting treatments of specific items on uniform base to be used by organisations,accounting people and auditors.
Why does a standard unit have to be uniform?
Because if it wasn't uniform then there would be two or more standards, which doesn't make any sense.
What are the Four main disadvantages of commodity money?
some disadvantages of commodity money are its not portable, durable, uniform or divisible, it usually works in small economies
Is the uniform probability distribution's standard deviation proportional to the distribution's range?
no
