accounting harmonization
1accounting — /euh kown ting/, n. 1. the theory and system of setting up, maintaining, and auditing the books of a firm; art of analyzing the financial position and operating results of a business house from a study of its sales, purchases, overhead, etc.… …
2harmonization — 1) The harmonization of financial reporting internationally, especially as a result of the activities of the International Accounting Standards Board (IASB). 2) The harmonization of practices and regulations in the member states of the European… …
3harmonization — The reduction or elimination of differences between things. In an auditing context, the term is frequently used to refer to the elimination of inconsistencies between different national systems of *Generally Accepted Auditing Standards and… …
4International Accounting Standards Board — IASB The international accounting standards setting organization. In 2001, the IASB replaced its predecessor, the international Accounting Standards Committee. The IASB is based in London, and its Web site states that its main aim is to develop a …
5International Accounting Standards Committee — IASC The predecessor of the *International Accounting Standards Board (IASB). Established in 1973, the IASC’s founder members were representatives of the accounting professions of Australia, Canada, France, Germany, Japan, Mexico, the Netherlands …
6Generally Accepted Accounting Principles — GAAP Rules, guidance, and concepts for accounting practices and the content of *financial statements. GAAP covers the Recognition, *measurement, Reporting, and *disclosure of accounting items, and it is derived from several sources: *financial… …
7International Accounting Standards Committee — IASC A committee that came into existence in 1973 as a result of an agreement by accounting bodies in a number of countries. Its objectives were the formulation and publication of accounting standards, the promotion of their worldwide acceptance …
8International Accounting Standards — IAS *Accounting standards issued by the now defunct *International Accounting Standards Committee (IASC). The intention behind IAS has been to promote global harmonization of accounting and financial reporting. The adoption of IAS around the… …
9Fourth Accounting Directive — An EU directive (1978) concerning the harmonization of company law and accounting practices in member states. It recognized five accounting concepts as fundamental: the accounting entity concept, the accruals concept, the consistency concept, the …
10Aid effectiveness — is the effectiveness of development aid in achieving economic or human development (or development targets). Aid agencies are always looking for new ways to improve aid effectiveness, including conditionality, capacity building and support for… …
