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Accounting profession is traditional profession and accounting rules and principles have been established and are the same for many years. However, globalization of business, stronger regulations and numerous technological solutions and innovations are not bypassing the accounting profession...
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for circumstances that had affected certain steps made by IASB in whole developing process of the new standard include … achieved due to its complexity and lack of prospective benefits. Finally, the 10-year joint project of IASB and FASB on …
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