Explain Why Accounting Procedures and Practices Today Must Be Adapted

question 151

Essay

Explain why accounting procedures and practices today must be adapted to work in an international business environment.

---

Definitions:

Personal Sports Trainer

A professional who designs and implements workout programs tailored to the fitness goals and needs of individuals.

Promisor

A person who makes a promise.

Promisee

The person to whom a promise is made or who stands to benefit from the fulfillment of the promise.

Express Contract

An express contract is a legally binding agreement where the terms are explicitly stated by the parties involved either orally or in writing.