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Main purpose of writing this book is to provide some insight of Bhutanese Economy. Traditionally Bhutan is not materialistic but its Philosophy of economy is Gross National Happiness (GNH). In this book I have thrown light on some financial institutions of Bhutan like Royal Insurance Corporation of Bhutan, Bank of Bhutan and Bhutan National Bank. I have also analyzed the benefits and challenges of Bhutan joining WTO, explored the FDI climate in Bhutan and ...
This book throws light on the similarities and differences between IFRS and GAAP. Currently the majority of countries in the world follow International Financial Reporting Standards guidelines, however, the United States still uses Generally accepted accounting principles. The book describes the plan for convergence between the two frameworks. The main difference between GAAP and IFRS is that GAAP is considerably rule based, whereas IFRS is more principal based ...