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The convergence of accounting standards refers to the goal of establishing a single set of accounting standards that will be used internationally. [1] Convergence in some form has been taking place for several decades, [ 2 ] and efforts today include projects that aim to reduce the differences between accounting standards.
To ensure uniformity and comparability between financial statements prepared by different companies, a set of guidelines and rules are used. Commonly referred to as Generally Accepted Accounting Principles (GAAP), these set of guidelines provide the basis in the preparation of financial statements, although many companies voluntarily disclose ...
Financial accounting is a ... Financial accounting and financial reporting are often used as synonyms. ... Comparability is the uniform application of accounting ...
Accounting standards prescribe in considerable detail what accruals must be made, how the financial statements are to be presented, and what additional disclosures are required. Some important elements that accounting standards cover include identifying the exact entity which is reporting, discussing any "going concern" questions, specifying ...
Uniformity (complexity), a concept in computational complexity theory; Uniformity (philosophy), the concept that the same natural laws and processes that operate in the universe now have always operated in the universe; Uniformity (topology), a concept in the mathematical field of topology; Uniformity of motive, a concept in astrobiology
Hutton's Unconformity at Jedburgh. Above: John Clerk of Eldin's 1787 illustration. Below: 2003 photograph. Uniformitarianism, also known as the Doctrine of Uniformity or the Uniformitarian Principle, [1] is the assumption that the same natural laws and processes that operate in our present-day scientific observations have always operated in the universe in the past and apply everywhere in the ...
In 1970, Congress established the original Cost Accounting Standards Board (CASB) to promulgate cost accounting standards designed to achieve uniformity and consistency in the cost accounting principles followed by defense contractors and subcontractors in excess of $100,000, and to establish regulations to require defense contractors and subcontractors, as a condition of contracting, to ...
Homogeneity and heterogeneity; only ' b ' is homogeneous Homogeneity and heterogeneity are concepts relating to the uniformity of a substance, process or image.A homogeneous feature is uniform in composition or character (i.e., color, shape, size, weight, height, distribution, texture, language, income, disease, temperature, radioactivity, architectural design, etc.); one that is heterogeneous ...