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Author Question: How do accounting systems evolve in common law countries? What will be an ideal ... (Read 107 times)

burton19126

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on: Jul 7, 2018
How do accounting systems evolve in common law countries?
 
  What will be an ideal response?

Question 2

What is the first step in the normative model of decision making?
 
  A) identifying alternatives
  B) problem recognition
  C) evaluating alternatives
  D) implementation
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meow1234

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Reply #1 on: Jul 7, 2018
Answer to Question 1

In common law countries like the United Kingdom and the United States, accounting procedures evolve via the decisions of independent standards-setting boards like the Financial Accounting Standards Board in the United States. Each board works together with professional accounting groups.

Answer to Question 2

B


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