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Reflections of Economic Developments on the Framework of Accounting Theory Concentrating on International Accounting standards
Saleh A. Al-Mahmoud

Paper Summary

The article explores how changes in the global economy, through organizations like GATT and WTO, influence accounting theory and international standards. It examines how economic shifts impact accounting concepts like financial reports and information quality. The study delves into accounting assumptions regarding entities, financial stability, and timeframe. It also scrutinizes accounting principles such as revenue recognition, cost matching, historical prices, data disclosure, prudence, and uniformity.

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