Examlex
The FASB and IASB are attempting to converge and enhance the conceptual framework that guides standard setting, however the differences between U.S. GAAP and IFRS greatly outweigh the similarities.
Labor Law Reform
Changes or amendments made to the legislation governing the rights and obligations of workers and employers.
Stalinist System
A political system characterized by centralized control, authoritarian leadership, and strict government regulation of society and the economy, similar to the regime of Joseph Stalin in the Soviet Union.
Production Goals
Targets set by businesses or organizations for the amount of goods or services to be produced within a specific time frame.
Social Benefits
Non-wage compensations provided to employees in addition to their normal wages or salaries. These can include health insurance, pension plans, and other welfare benefits.
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