Over the past 2 decades or so business corporations from all across the world have come up with a variety of ideas that were intended to not only cut operational costs but also enhance the quality of products and services that were being produced and in that regard it can be said without a doubt that outsourcing has proven to be the most potent option.
When the concept was first introduced by a few enterprising innovators there were not many companies who were willing to experiment with such a concept but in due course of time the whole thing started to take shape as most of the well-known organizations realized that it was one of the most effective ways in which they could cut costs without actually compromising on the quality of their products.
The amendments in accounting standards explain how to measure fair value and improve the comparability of fair value measurements.
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