Australia’s Conceptual Accounting Frameworks: Do they Work? In this era of globalization the world of business and accounting in many countries, continues to be intricately connected to one another in many more ways than one can imagine. Many factors play important roles in this development. Technological know-how and improvements in telecommunication are key factors which come to mind. Businesses have suddenly realized that their consumer markets which in the past was seen as national or regional in scope have now become international, leading one to ask a question relating to the field of accounting. Could one Accounting Conceptual Framework be adopted by nation states for issues dealing with home grown general accounting protocol? This...The end:
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