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Some of the Perceived Barriers to the Harmonisation Process (For

question 41

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Some of the perceived barriers to the harmonisation process (for the harmonisation of accounting standards globally) include:


Definitions:

Duration Of Liabilities

A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates, expressed in years.

Yield To Maturity

The total return expected on a bond if it is held until its maturity date.

Price Decline

Price decline refers to the decrease in the market price of a security or asset over a specific period.

Equal Magnitude

A term used to describe quantities or values that are the same in size, amount, or degree.

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