"This new form of financially based regime of accumulation... has led to the development of new institutions which serve to stabilize and normalize it" French et al. (2011, P.801) a. Explain how the development of International Accounting Standard (IAS) may help to accommodate global capital market. (6 marks) b. Discuss the interesting of Comprehensive income statement. (6 marks) c. Conceptual Framework 2010 have redefined the purpose on the financial reporting, based on the redefining the purpose, discuss how it affects the accounting information. (8 Marks) d. Discuss the revolution of accounting recording and how its impact on current accounting process. (10 Marks)