International differences in accounting

Reference no: EM13116666

As a manager, you feel it is important for the new hires to understand the reasons for the development of IFRS. Your new hires have been discussing the legal systems contribution to the accounting rules of different countries.

Explain at least 2 causes or reasons for international differences in accounting.

Compare the accounting systems in 2 countries with differing legal systems. Explain why each country's system is the way it is.

Highlight the similarities and differences between the 2 countries' sets of accounting systems.

Reference no: EM13116666

Questions Cloud

Write a report outlining what firms need : Write a report outlining what firms need to do in order to bring in the most talented people (from anywhere) and make the fullest possible use of their abilities.

Find probability of different events : Suppose that an individual is randomly selected from the population, and define events by A = {type A selected}, B = {type B selected}, and C = {ethnic group 3 selected}. Calculate P(A), P(C), and P(A ∩ C). (Enter your answers to three decimal plac..

Explain sustenance marketing : If a drug manufacturer clamed that its manufacturing processes were environmentally-friendly in its advertising, this is an example of: sustenance marketing

How many moles of mg3n2 would be produced : How many moles of Mg3N2 would be produced when 180.0 g of Mg reacts with 85.0 g of N2.

International differences in accounting : Explain at least 2 causes or reasons for international differences in accounting. Compare the accounting systems in 2 countries with differing legal systems. Explain why each country's system is the way it is.

Derivative securities analysis : What is the theoretical value of the futures contract? Show all working. Given the market price of S&P 500 contract, is arbitrage possible? Describe the transactions that should be undertaken and calculate the profit that would be made per contract..

Make a forecast using trend model of judgment forecast : Which trend model is best, and why? If none is satisfactory, explain. Make a forecast for 2004 by using a trend model of your choice or a judgment forecast.

Describe how the company should tie performance : Appropriate Performance Measures Tied to Compensation - Describe how the company should tie performance measures to compensation.

Compute the solow residual : Total population coincides with total workers and is denoted by L and compute the Solow residual and describe clearly the changes that occur to the graph and compare the final result with the initial situation

User Account

All Pages