Can be compared financial performances in different accounting Thesis

Can be comp atomic number 18d fiscal performances in different bill standards (Thai GAAP, UK GAAP, IFRS) - Thesis Exampletechnology, the introduction today can be said to become a global village, where people around the world have become connected and integrated by the click of the computer. Besides, the number of multinational companies, foreign investors and finances from abroad invested in different countries has increased significantly. As a result of these, they face problems arising from different accounting standards. It should have been a good thing if fiscal performance of companies from different countries could be compared even if accounting information was presented using different accounting standards. In this way, financial information can be said to have met one of the key qualities, or characteristics, which is Comparability.It should be noted here that, the objective of financial statements can be said to be to provide information about the financial position, perf ormance and changes in financial position of an enterprise that is useful to a wide range of users in making economic decisions (paragraph 12).1To be able to meet the said objectives, this research will use financial statement of iii different companies involved in same line of business, but operating in three different countries to establish the financial performance of the three companies financial statements prepared under UK accounting standard (UK Generally Accepted Accounting Principles, UK GAAP), Thai accounting standard (Thai Generally Accepted Accounting Principles, Thai GAAP), and regular army GAAP and make a comparison with the requirements of the International Financial Reporting standard (IFRS), which are accepted worldwide. The result of using different accounting standards whitethorn have an adverse effect on a company performance on the international scene in as much as investors are concerned. Some may static be in favour of a unique International accounting stan dard. Particular country accounting standards are still necessary because ofShifting the accounting practice, will be consumed