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Development and classification - Essay Example

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Apparently, this can be attributed to the fact that the organization and the management of the business sector is changing and consequently, the financial reporting. On the same note, it is worth noting that…

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Subject: Business
Type: Essay
Level: Ph.D.
Pages: 1 (250 words)
Downloads: 2
Author: sdickinson

Extract of sample "Development and classification"

Business Evidently, the financial regime has changed drastically over the years. Apparently, this can be attributed to the fact that the organization and the management of the business sector is changing and consequently, the financial reporting. On the same note, it is worth noting that the adoption of new business ideas and the appropriate mechanisms put in place for the employment of this strategies have also served to revolutionized the financial business and subsequently, reporting. However, this particular paper delves to give an insight into the major factors that have served to revolutionize the financial reporting in Italy.

Frist and foremost, the first factor that has served to shape the financial reporting of Italy is the availability of the capital to invest. On the same note, it is evident that the financial organization have drastically improved, in other words expands as compared to the earlier years. In addition, to that, the adoptions of the new ideas which have served to promote the business activities in the country have also served to boost the financial reporting. Apparently, this has served to improve the financial status of the country through the generation of income which has contributed to the shaping of the report.

Moreover, the existence of good competent leaders has also played a huge role in the financial reporting in Italy. Essentially, these leaders were characterized by the type of policies that they championed which were mandated with the task of boosting the financial activity and consequently increase the revenue. In conclusion, it is evident that there are numerous factors that have contributed to the shaping and the growth of the financial report. To this end it is critical to study this factor in a bid to understand the financial and the business organization of Italy.

ReferenceWeber, Ernst. IFRS-Immobilien: Praxiskommentar der wesentlichenimmobilienrelevanten international financial reorting standards. 2. Aufl. ed. Köln: Luchterhand, 2009. Print.

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