ASSIGNMENT Explain briefly how these factors can influence the adoption of IFRS by a country. Extent of economic development Nature of domestic business ownership and financing systems Colonial inheritance Cultural differences Legal systems Tax policies or laws Sources of funding Huge cost of developing own standards
ASSIGNMENT Explain briefly how these factors can influence the adoption of IFRS by a country. Extent of economic development Nature of domestic business ownership and financing systems Colonial inheritance Cultural differences Legal systems Tax policies or laws Sources of funding Huge cost of developing own standards
Chapter14: Multinational Capital Budgeting
Section: Chapter Questions
Problem 19QA
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ASSIGNMENT
Explain briefly how these factors can influence the adoption of IFRS by a country.
- Extent of economic development
- Nature of domestic business ownership and financing systems
- Colonial inheritance
- Cultural differences
- Legal systems
- Tax policies or laws
- Sources of funding
- Huge cost of developing own standards
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