On 30 Mar 2001, at 7:51, Sajeev Cholayil wrote:
> Hello Friends,
> Is Financial Accounting practices same (similar) in various parts of
> the World? Thank You, Sajeev.
Probably yes:
cite:
http://accounting.rutgers.edu/raw/fasb/IASC/index.html
"The Financial Accounting Standards Board strongly and actively
supports the internationalization of accounting standards. Almost
every FASB project is a matter of interest in some other country or
with the International Accounting Standards Committee. The FASB's
obligation to its domestic constituents demands that it attempt to
narrow the range of difference between the U.S. and other countries'
standards. The Board and staff participate in many international
liaison activities with different standard setters around the world."
Take some time to explore the Rutgers Accounting Web site:
http://accounting.rutgers.edu/
Alan
[EMAIL PROTECTED]
