Deliverable 2Paper Details

In the second deliverable the students have to cover :
• The influence of economic ,political and cultural variables on financial reporting
“political factors means:the regulatory culture and the legal system.
One tof the questions that you can search for its answer :is the difference between the common law and code law can influence the accounting standards or even the accounting reporting.”
• Harmonization and convergence “ arguments for and against”
The convergence of standards is a way to decrese the cost of capital”cost of investment that result from accounting diversity”
• IASB framework