Universal Accounting Approach &Cross Border Investment Essay

normal Accounting Approach & transversal Border Investment - Essay ExampleWithout these account statement standards each and every business entity would have to lift their own accounting standards that would make the comparison of financial information of different business enterprises difficult. The interests of the financial activities of the undivided and institutional investors have become ball-shaped recognizable and there has been active involvement of various organizational bodies for the development of a widely accepted accounting framework beneficial to the investors. The existence of an efficient and liquid capital market can only be possible, if the investors are provided with transparent, relevant and reliable information. Introduction Universal Accounting Approach &Cross Border Investment The corporate sector is facing certain complexities in terms of corporate governance and financial reportage and has also affected the US Capital markets. The legitimate finan cial community is devoid of strong framework, which can integrate the systems altogether and develop a global financial reporting language. The silver lining in the current complexities would be the sudden and tremendous pass off towards the achievement of a global financial reporting language. The development of a global financial reporting language would be the establishment of a strong financial framework, which will comply with the universal accounting standards and regulations. ... e International Accounting Standard get on with (IASB) and International Accounting Standard Committee Board (IASC) has contributed significantly to the outcome of the organizations. These boards are endowed with activities and tasks for the development of accounting standards, which comply with the current accounting purlieu (Beck, Kunt and Levine, 2002). The study will lay emphasis on the accounting standards developed by leading organizations, associations and their parcel towards the betterme nt of the economy. The author of the study will also highlight the accounting techniques, significantly for the cross touch and regional investments. Finally, the study will conclude with the summary of the existing environment market with the application of the accounting standards and tools. Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) The IASB and FASB have been working in coalition since the year 2002 and the two boards have converged their required tactics for the development of several accounting and investment projects. It is integrity of the non-profit organizations, whose primary purpose is to formulate certain accounting principles within the US region for the interest of the habitual people. It was established in the year 1973. The boards helped in establishing the accounting standards and regulations for educating the issuers, auditors, government and various other users. Some of the important objectives of the board would be to improve the utility of the financial reporting for the guidance of varied users, develop standards for the current business organizations, identify reports in the accounting process and promote international convergence of accounting standards in compliance with the quality of financial