Accounting standards have been of little concern in the past.

Accounting standards have been of little concern in the past. However, with a struggling economy, it is becoming increasingly important that Belarus develop accounting practices that will instill confidence in the country”s companies. Many hope that Belarus will follow its western predecessors and embrace a free-market economy. Describe the ideal accounting system for Belarus. Questions 1. 2. What values should the country emphasize with its system? What needs to happen in order for the system to succeed?

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