Question
The emergence of global capital markets has created the demand for harmonization of financial reporting standards. 1. Explain the difference between adoption and convergence. 2.
The emergence of global capital markets has created the demand for harmonization of financial reporting standards.
1. Explain the difference between adoption and convergence.
2. Explain why it is highly unlikely from a political perspective that the United States will adopt International Financial Reporting Standards.
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Accounting In Business
Authors: R. J. Bull
5th Edition
0408014865, 978-0408014861
