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本篇論文代寫價錢-會計準則和企業組織的性質講了會計準則和會計準則的採用和執行在很大程度上取決於企業組織的職能能力。因此,可以得出結論,統一的會計準則或會計準則不足以帶來統一,但考慮了企業組織的職能。本篇論文代寫價錢文章由美國第一論文 Assignment First輔導網整理,供大家參考閱讀。

Accounting standards and nature of business organisation

Analysis of nature of transaction is based on level of transaction, amount of transaction and personal experience and knowledge of accounting team of business organisation. Thus, at various levels, uniform accounting standards or accounting rules can provide rigidity in making decisions related to recoding of business transactions. In every business organisation, there are huge no of transactions that are to be managed by accountants or accounting team. These are to be recorded in books of accounts on the basis of their nature (Galan-Diaz et al., 2015). In this situation, personal experience and knowledge base of individual come into play and there is no rule for this. There are various transactions which require management discretion or involvement of management in order to analyse the amount and nature of transaction.

There are different types of business organisations that can be differentiated in different basis like size of organisation, volume of transactions, financial background and policy, geographic location, capital structure, growth level and many more bases. Since financial reporting standards does not consider these aspects of business organisation but applies of unanimous basis. Hence, there are different conditions of operating business operations and each business organisation differs on the basis of types of transactions that they undertake. Another factor that does not support uniformity in financial reporting or financial reports with the standardisation of accounting standards and accounting rules is difference in resources level of different countries (Hutchins, 2012). Business resources include capital base, labour market, government rules and regulations, political and legal structure and market conditions.

Adoption and implementation of accounting standards and accounting rules largely depends on functional capabilities of business organisation. Therefore, it can be concluded that uniform accounting standard or accounting rule is not enough to bring uniformity, but functions of business organisation is considered.

Examples of issues

To a great expend, accounting treatment of research and development expenses have not been covered in the accounting rules or accounting standards or IFRS. Accounting treatment of same has been left over at the discretion of management as nature of research and development transaction is very vast. After some explanation related to treatment of research and development has been issued by accounting standard board to reduce the gap between management discretion and uniformity in accounting treatment. However, nature of this transaction is vast enough that has put down this idea of bringing uniformity.