1. Discuss the possible advantages for the various categories of the users
of accounting information of having a single set of accounting standards
which can be adopted by all the countries of the world.2.
What are the issues
the companies and the users
will have to encounter in the absence of a single set of accounting
procedures rules and standards?
List the International Financial Reporting Standards
adopted by IASB and explain any four from the International Financial Reporting
Standards of your choice.
What are the
accounting standards being adopted by businesses/ economic units in the UAE?Give examples
of any two companies adopting accounting standard by attaching their financial