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Japan is to be made around 2012. Hong Kong has adopted national standards that are equivalent to IFRS and China is converging its accounting standards with IFRS. Other countries have plans to adopt IFRS or converge their national standards with IFRS. In addition to the support received from certain U.S.-based entities, financial

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also been an adjunct lecturer of accounting at the Bernard M. Baruch College of the City University of New York. He is the author of four other books, OMB Circular A-133 Audits, Not-for-Profit Organization Audits, GAAP for Governments, and Not-for-Profit Accounting Made Easy. Mr. Ruppel is a member of the American Institute of Certified Public

Basic Accounting Basic concept of accounting Accounting: It Accounting: It is an art of recording, classifying and summarizing in significant manner and in terms of money, transactions and events which are of financial character and…