Will there be one set of Accounting standards in use throughout the world in the next five years? I...

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Will there be one set of Accounting standards in use throughout the world in the next five years? I need a one page (double spaced, APA format) paper.

David · Accepted Answer

Will there be one accounting standards in use throughout the world in next five years               1
Will there be one accounting standards in use throughout the world in next five years
Will there be one accounting standards in use throughout the world in next five years               2
Introduction 
The organizations today are strongly focusing on globalization as well as increasing 
international investment and cross listing of the multination firms which has urged the need of 
the harmonized accounting standards which takes into consideration the preparation of the 
accounts as per the needs and the requirements of IFRS (International Financial Reporting 
Standard). 
The main objective of the firm is to enhance the usefulness of the accounting information 
in term of relevance and comparability. As per the study and the government regulations, the 
reporting system across the world is going to be under one single standard i.e.

Will there be one set of Accounting standards in use throughout the world in the next five years? I need a one page (double spaced, APA format) paper.

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