Five environmental factors are used to explain the variation observed in disclosure requirements of the different stock exchanges. Environmental factors have always determined the accounting policies, systems, regulations, financial reporting among many others. These factors are the Legal System, the Taxation system, the Provider of Finance and culture. The accounting literature presents several factors …

The five factors examined are: degree of economic development, type of … The development of accounting is closely … that are affecting the adoption of International Accounting S tandards. Accounting is an information system for recording economics events. The accounting systems and practices in a … Background.

Accounting is the process of keeping financial accounts of the organizations. These factors are (1) the economic environment, (2) the political environment, (3) … This diversity appears as a result of differences in the factors that affect the development of financial reporting frameworks. Accounting diversity refers to the differences that exist between the characteristics of the financial reporting frameworks used in different countries. Four environmental factors are used to explain the variation observed over time in accounting development.