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Business
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Number of pages / Number of words: |
4 / 938 |
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Japan and IASB
Japan and the IASB have recently agreed to expedite the convergence between the Japanese Generally Accepted Accounting Principles (GAAP) and IFRS. The two boards will seek to eliminate major differences between Japanese GAAP and IFRS by 2008, with the remaining differences being removed by June of 2011 ...
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As a major player in the world economy, the addition of Japan to IFRS is a huge boost to the universal standard-setting process.
Challenges to Uniform Standards
1. Some Experts Doubt itâs Possible
Even with the signing of the Norwalk Agreement in 2002, some experts doubt full harmonization is possible...
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General points of the essay
Accounting Standards
Accounting in Japan
Choose A Current International Accounting Standard (Ias) Or International Financial Reporting Standard (Ifrs). Briefly Summarise Its Provisions And Assess Whether The Standard Can Be Considered To Be ‘Principles-Based’ Or ‘Rules-Based’, E...
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