One point I want to touch on in this entry is the guidelines, procedures and methods that should be developed for the accounting treatment of both primary and derivative financial instruments, being essential to know the accounting guidelines for both basic and complex financial instruments.
Even though complex financial instruments are not frequently used in the country, it is essential to know the different accounting procedures to be applied for the different financial instruments in order to complement the accounting information and to know the range of possibilities to apply the appropriate accounting treatment.
The role played by accounting sciences for mankind is transcendental, since their function is to provide real and accurate financial information to the economic activities developed.
However, the changes that have occurred in international markets due to the globalization process have generated a series of changes and modifications in the accounting praxis, making necessary the standardization of financial information, which generated discomfort when comparing the financial information of national companies with international ones, generating doubts and inconsistency of the real financial information.
(Image not shown due to low ratings)
(Image not shown due to low ratings)
Images were hidden due to low ratings.
Congratulations @alaiza! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
Your next target is to reach 12000 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Check out the last post from @hivebuzz: