International Accounting

International Accounting

Question 1

There are five approaches to transnational fiscal reporting their advantages and disadvantages are given below

Send the similar set of fiscal statements to all users.

The advantages of sending the identical set of fiscal statements to all users are that it would become easier for the fiscal analyst to compare the fiscal results of various companies. Using the same set of fiscal statements for fiscal reporting saves time and make the fiscal reporting more efficient. Moreover, sending the similar set of fiscal statements to all users brings the transparency in the fiscal reporting of a company. The ...