differences between FASB and IASB, Accounting essay help

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Business Finance

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600 words on the differences between FASB and IASB

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Introduction
International convergence entails union of two or more countries joining together
on certain aspects for instance financial issues. International convergence in
accounting standards goal aims at establishing a unit set of accounting standards to
be used by all countries of the world. Convergence, driven by various factors like
attainment of a common set of accounting towards financial harmonization, aims at
reducing the gap between accounting standards among countries.
An Environmental Management System (EMS) is a set of processes and practices
that enable an organization to reduce its environmental impacts and increase its
operating efficiency.
Environmental management system (EMS) refers to the management of an
organization's environmental programs in a comprehensive, systematic, planned
and documented manner. It inc...


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