ACC2CRE Corporate Reporting And Global Accounting Standards
Ali (2005) argues that despite the strong motivation for harmonization of accounting there is a debate among academics, professionals and international bodies whether harmonization of is possible globally. Critically discuss the above statement and briefly explain the role of IASB to harmonize accounting standards and motivations for and barriers to achieve harmonization throughout the world.
At the end of its financial year, Star Ltd. took the following information from its accounting books of record.
- Prepare the necessary adjusting journal entries required by items 1 to 10(narrations are not required).
- Prepare a Statement of Comprehensive Income, a Statement of Financial Position and a Statement of Changes in Equity for Star Ltd for the year ended 30th June 2017 in accordance with the requirements of AASB 101.
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