Describe the reasons for accounting diversity


Response to the following :

A .Select any two of the IAS or IFRS standards and discuss how Amazon handles the two standards you selected.

B. There are six major reasons for accounting diversity throughout the world:

1. Legal systems

2. Taxation

3. Sources of financing

4. Inflation

5. Political and economic ties

6. Culture

Two additional factors to consider

7. Level of economic development

8. Education

Select which one factor has exerted the greatest influence on the development of accounting (in general you are not focusing on a specific country) in your opinion and why.

Reference: List of international standards .

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Accounting Standards: Describe the reasons for accounting diversity
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