Accounting harmonization dilemmas
Journal Title: Zeszyty Teoretyczne Rachunkowości - Year 2015, Vol 2015, Issue 82
Abstract
Harmonization of financial reporting is a process providing numerous benefits but at the same time is a source of serious threats. Benefits include: ease of allocation/diversification of financial resources, increasing reliability of financial statements for investors, easier access to financing for entities, lower operating expenses of multinationals. The adverse effects are: incomparability of financial statements on the local/national level, giving up the tradition of the Continental European accounting model, and establishing monopoly for the standard setting process.
Authors and Affiliations
Jerzy Gierusz
Keywords
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