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Describe International Accounting and provide example
Solution
International accounting extends general purpose nationally oriented accounting to international
comparative analysis, accounting measurement and reporting issues unique to multinational
business transactions and the business form of the multinational enterprise, accounting needs of
international financial markets and harmonization of worldwide accounting and financial
reporting diversity via political, organizational, professional and standard setting activities.
Example : - International accounting standards board ( IASB) , GAAP , IFRS

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