Academic

Name: Professor: Course: Date: Development and Classification in Qatar and GCC International Financial Reporting Standards are used by different countries to make their business understand and compare their accounts with others who are not in their region. They developed because of increased participation in international business and trade among different countries. Such standards are essential because they make the work of accounting easier when companies in one country are dealing with others outside their territory. The standards are currently replacing different nation’s accounting procedures because of the desire to have one accepted accounting standard. The IFRS provides rules that...