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a. Comparability between accounting periods and between entities b. The production of prudent financial statements c. Increased flexibility in financial reporting d. The use of creative accounting practices
a. Comparability between accounting periods and between entities.
As any set of accounting standards followed in diferent countries can fulfuil the other3 objectives but the first one can only be fulfilled by one accounting standards followed by all.
. The production of prudent financial statements
Increased flexibility in financial reporting
a. Comparability between accounting periods and between entities.
Since the standards will be applied everywhere. It will make it easier for comparisons
a. Comparability between accounting periods and between entities
The production of prudent financial statements
A
d
A
sure the compare which will help the users to understand and compre between entity performace
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