International differences in accounting

Assignment Help Accounting Basics

Reference no: EM1344822

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: EM1344822

Questions Cloud

Compute the magnitude of the angular momentum : A small metallic bob is suspended from the ceiling by a thread of negligible mass. The ball is after that set in motion in a horizontal circle so that thread describes a cone. Compute the magnitude of the angular momentum of the bob about a vertic..

Describe what is the initial investment : If the assumed tax rate is 40 percent on ordinary income and capital gains, explain what is the initial investment

How far west has the sailboat travelled : Most dentist in the United States are make as the majority of nurses are female. These differences show how different cultures define.

Explaining minor or major virus threats : Write down two recent virus threats, are they minor or major threats? What software would you utilize to remove these threats?

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.

Finding net and gross returns : The Bigco pension plan has invested in dozens of VC funds. The director of pension plan is making his yearly report to the Bigco board of directors.

Illustrate what are the monopolist''s profit-maximizing price : Illustrate what are the monopolist's profit-maximizing price and total output.

Pros and cons of implementing ifrs in us : Prepare a proposal for what consulting services SLL should offer and to whom, inlcuding current auditing clients, other clients, or both.

Forward versus spot rate forecast : Forward versus Spot Rate Forecast Assume that interest rate parity exists - forward rate of the Singapore dollar as the forecast or using today's spot rate as the forecast? Briefly describe

User Account

All Pages