Movement global accounting

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Transformed the enormous progress of technology and the transport of some local companies to global conglomerates. Even media companies in international institutions has shifted to the acceleration of the package delivery traditional media, and the expansion of the Internet as an electronic marketplace. With this shift towards a perspective of international finance and global business, there is a need for accounting standards and to adapt accordingly. Different methods of accounting, in addition to language barriers, authentic, and open the door to confusion and misunderstanding when companies are looking to do business abroad. For this reason, he asked close trade relations existing in European countries for "mandatory adoption of IFRS in the European Union (EU), effective for the years ended January 1, 2005" (IFRS mandatory ..., p. 2). Soon it will be finished this convergence towards global accounting standards under IFRS (International Financial Reporting Standards) in the United States. This change has a significant impact on the guidance offered (generally accepted accounting principles) financial traditionally GAAP. The following article efforts to complete this transition will be discussed as well as the impact of the adoption of IFRS worldwide.
The convergence between GAAP and IFRS efforts are underway for more than a decade, since 2002, when he accepted Accounting Standards Board and the Council of Financial Accounting Standards join efforts to "eliminate the differences between international standards and accounting principles generally accepted in the United States "(convergence ..., p. 1). Details are presented in this memorandum of decisions known as the Norwalk Agreement understanding. In 2006, the IASB and the Financial Accounting Standards Board has strengthened its commitment to the creation of a "roadmap for convergence 2006-2008", which documents the specific parameters for convergence to be achieved by 2008. Finance and Securities commission (SEC) revision of accounting standards, allowing foreign companies registered in the United States Attached "to reconcile their financial statements with those of the US GAAP, when met International Financial Reporting Standards issued by the Council of International Accounting Standards" (convergence. .., p. 1). This was one of the first major steps taken by the agency of the US government to recognize the global trend towards IFRS conversion. Allowing foreign companies in the United States for the use of IFRS, the SEC approved the accounting principles generally accepted in output and was the future of IFRS. In 2008 it was time for a memorandum of understanding for the upgrade. With a great reception and adaptation international was a note to review in order to keep pace with the changing times and to correct and report problems encountered in its implementation. The creation of new features and stressed the new priorities to focus more on the progress of the convergence. Asked the Group of 20 leaders (G20) that "the standardization bodies to redouble their efforts to complete the convergence of international accounting standards" (convergence ..., p. 1). In November 2009, and published a report by the Council of the International Accounting Standards Board and the standards of financial accounting in detail to intensify their efforts. The report also monthly meetings of the Joint Council will be held as well as the convergence project is updated every three months. It also increases the setting, the only scenarios occur between companies and the discussion and clarification of the request. By February 2013, have become the changes to the development of convergence and timing of incomplete projects more detailed and realistic, and to continue to provide a basis to guide the conduct of the accounting of the authors.

According to the literature of the International Accounting Standard (Dick, Wolfgang graduated 10), which represent the standards of developed countries like the United States, may not be useful for countries in the developing and emerging markets. Because of this inherent conflict, some countries do not have a direct translation of IFRS in accordance with its accounting. Instead, to change and adapt not only the economic level of their country and culture, but also so it makes sense that counters standards are already in country clothes. "Accounting for Mexico has taken an initiative standard setter" fit "generally accepted accounting principles (GAAP) to IFRS, rather than directly to be taken in order to take into account their own legal, political and cultural" (Palacios Manzano, Martínez 21). Mexico is no single model here. Even in generally accepted accounting principles in the United States can not be repealed only in favor of IFRS. Instead, the SEC will work to change the generally accepted accounting principles and as foreign companies, according to financial information, and also work to change the way they relate their money with companies entities and foreign investors ....

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Benefits of money management skills, as well

Do you find yourself with a couple of credit cards, mortgages, car loans? Or you need a car loan and credit cards and mortgage, but was not sure if you can deal with another batch?

There are ways to make the whole thing can be controlled. There are ways to learn how to manage your money and benefits to find out how.

It takes a bit to see the ends and outs of everything and adjust your budget to meet your needs, but when all is said and done, there are many good things coming out of it.

Find out where your money goes

When your budget and stick to that budget, you can see where your money goes each month. This is a great benefit to you, allowing you to see where you can spend less and save more money in the end.

You can watch your expenses for a few months and then re-adjust the budget to allocate more money to go on vacation or savings fund, or even retirement.
Keep out of debt

If you are managing your money properly will see yourself staying away from falling behind. Make your payments on time can not exceed the limit of credit card spending, not overdraw your bank account.

These are the things that you can pull faster lower than the blink of an eye. Again, as adherence to budget, these are the ways you can save money in the end. If you were not always late or over the limit, you will never have those nasty fees are added on.

This prevents you from spending more money.

Retirement plan better


Now save and manage your money properly will surely benefit in the long term. It helps to look ahead and make those retirement plans.


The best money management skills they have and use now means the best for you and your family retirement.

The money you are able to save and invest more when given time to retire later in life comes.

Teach your children good money management skills

Watching manage your money, your children learn good money management skills. You see the benefits that good money management skills affect their daily lives, which in turn learn to use it.

This will set up for financial success in adult life. I will watch and learn from you and then use what they have learned to adjust the financial plan because they grow and raise a family. This will help them when they go to college or the workforce.

This is a skill that will take them throughout their lives and benefit adults in their jobs, school and home.

Good money management skills are an essential key to success as an adult thing to teach young children can benefit from them for the rest of their lives.

peace of mind

One last thing, among many other advantages of good money management skills, is the peace of mind that you are. There is nothing worse than looking at a stack of bills on the counter and learns that you can not pay them this month.

Or with the knowledge that the money is not there to buy something you need or want. All these are very difficult to face each day.

So when you are able to manage your money properly and experience the benefits that good money management skills, who have a sense of pride and peace of mind knowing that you provide for your needs as well as their family.

The benefits that good money management skills are endless.

You are having money to spend, money to pay your bills, and the money in their savings accounts and retirement. These are all things that, as an adult, are indispensable.

If you are an adult with a family, it is even more important that can provide these things for them. Knowledge of the benefits that the skills of good money management also gives you an incentive to provide budget and stick with it too.

This lets you know that these skills really does not work and you can save money. So while you practice these good financial skills, you should also suffers also benefits.

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