q 1

Accounting diversity appears in accounting practices between countries as a result of different options being applied by different countries to address the same accounting issue, or there being a group of alternatives available to solve the same accounting problem. There are many reasons for this diversity. Required: Discuss the most important reasons that led to the phenomenon of accounting diversity in accounting practices between countries?

Question 2.

Accounting convergence is based on adopting a single set of international accounting standards. These standards are of high quality and are used globally. Explain the most important characteristics that characterize international convergence of accounting standards Explaining the most important justifications that led to the accounting convergence project?