Development of international accounting

The factor, which have contribute towards the

development of international accounting
1.
2.
3.
4.
5.

Expansion of world trade

Emergence of multinational corporation
Increase in international flow of capital
Historical evaluation of accounting
Need for harmonization of accounting practices

Expansion of world trade

Over the past few years, country have become increasingly interdependent in
term of goods, services and flow of capital. Unlike the early caravans who cross
national boundaries selling their wares

The factor, which have contribute towards the

development of international accounting