Like all languages, it communicates information (in this case economic and financial), it is useful (it allows decision making) and it allows feedback (since the decisions made by users could modify the environment surrounding accounting).
2.I think they used more basic terms but they were looking for a way to make themselves understood
1- The IFRS are very important for multinational companies
2- this should include harmonization of regional and international initiatives
3- the country trade in manufactured goods has exoanded
1- Accounting defined as a universal language of business, has tended to
be developed in practice under purely financial characteristics, without giving it much
importance to the other languages that have been created theoretically.
2 - before it would be more complicated, but since now there are more facilities. It can be improved in this area much more.
1. IFRS 7 has been adopted in these financial statements.
2. They serve as a liaison between landowners and regulatory agencies.
3. This should include harmonization of regional and international initiatives
one of the standards created by the International Accounting Standards Board, which explains how company accounts must be recorded or shown
*There should be some degree of harmonization with our European trading partners.
*The country's trade in manufactured goods has expanded in the last ten years.
1. The IFRS are very important for multinational companies.
2. The Companies started with accounting books to keep track of accounting.
3. is very important to keep track of companies and it can be done with the IFRS standards
1. the International Financial Reporting Standard.
2. He understood the difference between IAS and IFRS.
3. Then the International Accounting Standard Board developed the concept of IFRS across international boundaries.
1. Accounting allows you to get a clearer picture of the financial position. It tells you whether or not the business is making a profit, what the cash flow is, what the current value of assets and liabilities is, and what factors actually make money.
2. with a lot of discipline and taking a good handling of the postings and working manually.
1). If so, you need to know more about this career, as well as its importance in business. When you get the opportunity to take charge of an organization, you may take on all sorts of new responsibilities. One of these is business accounting.
2). The international financial information standards are the main tool of public accounting professionals to contribute to the development of the country, since they favor the internationalization of companies through reliable and unified information to be used by any user who wants ...
1. Like any language, it communicates information (in this case economic and financial), it has a utility (it allows decision-making) and it allows feedback (since the decisions made by users could modify the environment surrounding accounting).
2. The first tool used for accounting records were clay tables, in which receipts, expenses, barter contracts, sales, money loans and other commercial operations were recorded.
1 . Why do you think it's important to have a common accounting language all over the world? is important to have a common accounting language throughout the world because accounting is one for all businesses, whether small or large, national or international, and the accounts that are managed are one for all different businesses.
2. How do you think multinational companies worked when a common accounting language didn't exist?
Multinational companies used to work accounting manually, they carry out work through manual and bureaucratic accounting books and records, thus using software packages that facilitate the work of professionals, giving them better management and control of payments, collections, ratios and preparation of financial statements.
1.
Just like a universal language, business accounting helps people understand what is going on inside the business. This can help both business owners and financial advisors make productive decisions in business.
2.
I think that if they had some terms to be able to understand each other in accounting matters
Financial records and accounting reports tell the story of how a company is doing financially, so it's no wonder that accounting is often referred to as the language of business.
Ready or not, English is now the global language of business. More and more multinational companies are mandating English as the common corporate language name a few—in an attempt to facilitate communication and performance across geographically diverse functions and business endeavors.
