Informational writing is a type of writing that is designed to inform, educate, or explain a particular topic to the reader. It is often used in non-fiction writing, such as textbooks, encyclopedias, and academic papers. It can also be found in magazines, newspapers, and online articles.
There are many ideas for informational writing, and the topic you choose will depend on your audience and your purpose for writing. Here are a few ideas to get you started:
Write about a historical event or person: This could be a famous battle, a significant figure in history, or a significant moment in time.
Write about a scientific concept or discovery: This could be something related to physics, biology, or any other scientific field.
Write about a current event or issue: This could be something that is happening in the world today, such as a natural disaster, a political crisis, or a social issue.
Write about a cultural tradition or practice: This could be something related to a particular country, region, or group of people, such as a holiday, a religious ceremony, or a cultural tradition.
Write about a hobby or interest: This could be something that you are passionate about, such as cooking, gardening, or playing a sport.
No matter what topic you choose for your informational writing, it is important to do thorough research and present the information in a clear and concise manner. Make sure to include relevant facts and details, and use sources to support your arguments. Additionally, it is important to consider your audience and tailor your writing to their needs and interests. By following these tips, you can effectively inform, educate, and explain to your readers through your writing.
What is global harmonization of accounting standards?
The project involving harmonisation associated with accounting standards faces your subsequentbarriers: International issuesTax and also legal systemsStage of progression of accounting profession as wellas economic developmentInternational Concerns Harmonisation is difficult as the worlds countries supply different social, political, and also economicenvironments. Many companies do not take on the change as bringing change into their accounting standards will raise costs. Appraisals of foreign entities for take over and mergers would be more straightforward. And IFRS Standards contribute to economic efficiency by helping investors to identify opportunities and risks across the world, thus improving capital allocation. The Financial Accounting Standards Board FASB in the U.
6 Barriers which Creates Hurdles in Harmonisation Process
The IASB has been trying to harmonize international accounting principles since 1973. Harmonization is the process of increasing compatibility of accounting practices by setting bounds on their degree of variation. Such difficulties are listed as follows: ADVERTISEMENTS: 1. The lack of strong accountancy bodies, many countries do not have strong independent accountancy or business bodies which would press for better standards and greater harmonization. Supporters believe that this would improve accountability, reduce international transactional and exchange rate risks and improve information transfer to enhance economic policy decision-making. In Tanzania income tax act is in dis agreement with some accounting procedures like computation of depreciation, Bad debts and therefore disagree on how accountant compute organization profit and therefore in Tanzania should prepare to set of financial statement one for tax purposes and the other for other users of accounting information.
Harmonization of International Accounting Standards
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Economic reporting in any few countries can be dictated from the vagaries of the law; regarding illustration in some jurisdictions your accounts are usually ready in order that these people meet certain tax rules; therefore, when accountants tend to be preparing financial studies that they will be following the specific rule book. Hill,1999 This diversity of capital providers means that Accounting Practices differ in order to satisfy needs of capital providers. However, if the international body does have prosecutorial authority over a U. Furthermore, in the United States, there are individual state laws that govern business, banking and insurance activities. The Financial Accounting Standards Board FASB is a private, not-for-profit organization whose primary purpose is to develop generally accepted accounting principles GAAP within the United States in the public's interest.
Advantages and barriers of harmonizing International Financial Reporting Standards throughout the world, Sample of Essays
Which of the following are not the advantage of accounting standard a It reduce confusing variation in the accounting treatments used to prepare financial statements. Large accounting and auditing firms would benefit as accounting and auditing would be much easier if similar accounting practices existed throughout the world. However, variations in accounting practices hampers harmonization. What do you mean by harmonization? Each company faces different experiences with working to consistently meet GAAP standards. Different Legal Environments: Legal or statutory environment plays a dominant role in the development of accounting thought in every country. Obviously, it is the task of IASC to try and narrow these areas of divergence.
Need For Harmonization Of International Accounting Standards, Sample of Essays
For instance, IASB working towards articulating and stimulating international set of acceptable accounting standards. Government has an overriding interest in profit as computed for fiscal purposes; tax laws often prescribe in detail how profit should be measured. The difficulty in addition emanates from your fact that many countries view their accounting standards as superior for you to accounting standards using their particular company countries; therefore, they believe it is challenging to just accept standards designed along with developed through various other countries or perhaps by method of a group from very few countries that might not reveal exactly the particular same values as they do. To provide a professional, developing and strong accounting environment it would be necessary. This increase has brought about a number of issues.
The Disadvantages of Harmonizing Accounting Standards
Fantl meant that if we are going to achieve harmonization, we can only do so when all countries have the same objectives from their accounting systems. Other Difficulties : There are many other difficulties which hinder the efforts towards international harmonization. A Few associatedwith the economic events covered by certain accounting standards such as IAS 39 or IAS 32 applymainly for you to countries using mature economic solutions industries. For example, countries having continental system are fussy about enforcement of rules. Competition among International Standards-Setting Agencies: There is found a potential competition between international standards-setters. Accounting Standards in other words can be stated as rules which govern the preparation of financial statements.
What are the barriers to accounting harmonization?
The main obstacles to global accounting harmonization are nationalism, emotionalism and rules based versus principles based accounting standards. In most countries lawmakers are not leaping to their feet to do this job because company reporting is not a hot political issue. Difficulties in Enforcement of Standards : After establishment of international standards, difficulties may emerge at enforcement level. ADVERTISEMENTS: In this article we will discuss about the difficulties in harmonization of accounting standards with suggestions. The difficulties are: 1. . Fantl meant that if we are going to achieve harmonization, we can only do so when all countries have the same objectives from their accounting systems.
Barriers to successful harmonisation of accouting standards?
In France, the information needs of Government play a major role. I assume that these difficulties have come as a shock to people in Japan because of their contrast with the prolonged period of economic success which preceded them. Many of the new foreign investment by MNCs is taking place in developing countries and at the same time that there has been a sharp decline in new investments in industrialized nations Saudagaran 1997. In the UN, on the other hand, it is quite clear that a number of countries wish the UN to develop and issue enforceable standards for reporting by multinationals. Enlarge representation on IASB: At present, IASB is seen by many as an organisation heavily influenced by Western accounting profession.