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Whitepunk [10]
3 years ago
9

What the difference between international accounting and domestic accounting

Business
1 answer:
Umnica [9.8K]3 years ago
3 0

Explanation:

International accounting (IAS) includes accounting standards and concepts of various countries. MNC's which operates in various countries need to follow the local accounting procedure and then need to compile the data so the overall performance of the company, can be determined. This also involves different currencies making the work difficult.

Domestic accounting (DAS) - every country have their own accounting standards and methods which must be followed while preparing books of accounts and are called domestic accounting. It is followed by companies which deal in only domestic business. Domestic accounting is done in home currency and is easier than international accounting.

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What is the primary goal of a society ?
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A.

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4 years ago
Brooke and John formed a partnership. Brooke received a 40% interest in partnership capital and profits in exchange for contribu
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$102,000

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7 0
3 years ago
How will food delivery like deliveroo engage with local community​
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People can go around and help the economy continue flowing

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