Estimated reading time: 0 minutes, 26 seconds

Accounting standards are imprecise enough without having multiple reporting standards. I heartily agree, one international set of standards is essential to international commerce. It will also in all likelihood reduce the cost of complying with reporting requirements. The metric - English analogy is very apt. I find myself using metric whenever I can so that I can get accurate measurements so I don't have to recall "was it 15/16ths" or 13/16ths" or reading the fraction off a tape measure when the millimeter readings are easy and clear.
Read 4017 times
Rate this item
(0 votes)

Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline