prepare a seminar report on accounting standard
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1ACCOUNTING STANDARDS & IFRSINTRODUCTIONIn modern times, accounting is an effective measurement system of financial information relating toeconomic and non-economic activities which can be made available to interested parties fordecision-making. So, in a nutshell, it is an information system for bringing efficiency andeffectiveness in the overall operation of the business organisation from time to time. Throughouthistory, accounting profession has continued to grow in response to the “financial informationneeds” of individuals and needs.
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