The International Accounting Standard Committee (IASC) oversees the functions of the International Accounting Standards Board in the development of accounting standards that can be adopted by businesses operating in different countries. The goal of this project is to make it easier to compare the financial statements of a business in Country A with those of a business in Country B, providing more useful information to investors who are deciding which companies to invest in.
The function of the International Accounting Standards Board is to oversee the doings of Accountants and businesses worldwide. The Board handles the functions of in house police over companies and individuals that come under their purview.
The AICPA's Accounting Standards Executive Committee (AcSEC), which works closely with the FASB and its staff, is the senior technical committee of the AICPA authorized to set accounting standards and to speak for the AICPA
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What are the function and responsiblity of Cost Accounting
to be General
accounting functions
Q:describe the function of the international bank ?
The primary objectives of the accounting function in an organization are to process financial information and to prepare financial statements at the end of the accounting period.
The primary function of the Pharmacy and Theraputics Committee (PTC) is to establish standards for therapeutics.
the function of cost accounting is to provide management of differents acitivities in a business
The reason that accounting is the "language of business" is because of its role in maintaining and processing all relevant financial information that an entity or company require for its managing and reporting purposes. Accounting is aptly called the language of business. This designation is applied to accounting because it is the method of communicating business information. The basic function of any language is to serve as a means of communication. Accounting duly serves this function. The task of learning accounting is essentially the same as the task of learning a new language. To enable the accounting language to convey the same meaning to all people as far as practicable it should be made standard. To make it a standard language certain accounting principles, concepts and standards have been developed over a period of time.
accounting info