FIN. ACCT.-TOOLS FOR BUS.DEC.MAKING-CODE
FIN. ACCT.-TOOLS FOR BUS.DEC.MAKING-CODE
9th Edition
ISBN: 9781119595724
Author: Kimmel
Publisher: WILEY C
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Chapter 1, Problem 1.1IP
To determine

Introduction:

International accounting standards refer to a set of guidelines required to be followed for preparation and presentation of the financial statements, in compliance with the standards formulated by the international accounting standard bodies. Its goal is to help the stakeholders to make well informed decisions for the true and fair view of the financial statements, prepared in accordance with the accounting standards.

To explain: The name of the two key international players and their role in the development of accounting standards.

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