Do we use International Accounting standard for the analysis purpose is issue 

By reducing differences among the accounting principles used in major capital markets around the world and it leads the notion of harmonization and also it leads the development of a unified set of high-quality, international accounting standards that would be used in at least all major capital markets....thereby it is the way of achieving harmonization ... 

First, adopt IFRS, and after, develop and learn about international practices. IFRS is a new language. To talk using this language, you have to practice.

Dear Dr. Al-Fateh

Greetings,

Please find the attached file about your topic may be useful for you.

Best Regards

Although the MoU between IASB and FASB has expired without full convergence, quite a substantial number of differences were eliminated and will be in the near future (e.g. Leases). Something which is often overlooked is that IFRS, as well as most other standards, offer some rather important options to choose from. A good example is Property, Plant and Equipment, which can be on a cost or an revaluation model. Such choices are often leading to much greater divergence than some fiercely debated, but rather subtle differences between the standards as such. That's why options should also be taken into consideration when assessing differences.

 Hello Dr. Al-Fateh -Amin A/Rahim El-Fakki,

Responding to your question: if all countries in the world could use the same reference model, than the accounting language it would be spoken on the same all in the same dialect. 

In other words, if all people use the same set of standards and presentation of financial statements devices, then it will be much easier for any user to read and decode the accounting information.

Best regards.