Even thought thither was a transition from bookkeeping to financial coverage, inconsistency was set with the standards used by accountants in the accounting practices used worldwide which cause an introduction to come International Accounting Standards which would strike down the immense distinction with financial reporting. Was the transformation of accounting practices from bookkeeping to where it is now relevant? on that point is a big(p) controversy whether accounting is science or arts as some persons consider it to be science whil! e others effect arts. Accounting practice can be divided into tether stages: record keeping; financial reporting under the changing economic regimes; and the move to adopt worldwide accounting standard. The history of accounting is as old as the history of compassionate civilization. They started to keep record of their produced crop by marking strike on the wall...If you want to get a full essay, order it on our website: OrderCustomPaper.com
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