Details Compare and contrast the process of accounting standard setting and financial presentation between these regulatory agencies

Securities and Exchange Commission (SEC)

Security Exchange Commission represents federal accounting agency that enforces applicable federal securities laws. The agency requires specific companies for instance, public business entities ... read more

Doing business is not an easy task. It is associated with the process of making daily decisions, which are able to influence efficiency of this business. They are made by the different people – from a company’s managers to its clients. Obviously, in order to make these decisions effectively we need appropriate information basis. This basis can be provided by accounting and financial analysi... read more

The international financial reporting standards are international standards established to develop accounting principles that are globally accepted. The IFRS organization is charged with the responsibility of maintaining and developing extensible Business Reporting Language through one of its groups known as XBLR. The role of XBLR within the organization is to provide a standard electronic s... read more