What does the term junctional currency mean

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Reference no: EM131529842

Question: 1. What is the disappearing asset problem?

2. What does the term junctional currency mean?

3. Why did SFAS No.8 present an enormous problem in the area of eco-. monic consequences?

4. What does harmonization of accounting standards mean?

5. What is convergence and how does it differ from harmonization?

6. Why has the EU opted to use exclusively IASB standards for consolidated financial statements beginning in 2005?

Reference no: EM131529842

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