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Scenario or Tasks
Marks for each question is mentioned alone-side the question.
Questions:
1. Discuss with examples, country wise differences in accounting treatment for various transactions. 300 words
2. Describe the issue of accounting diversity between the two companies Vodafone Group PLC and its U.S. competitor Verizon communication INC. in your words with relevant examples. 800 words
3. Describe five reasons for International Accounting Diversities. 800 words
4. Discuss various problems caused by International Accounting Diversity. 500 words
Word limits should be followed within +/- 5% deviation.
Verified Expert
The paper reflects upon the concept of diversity of accounting standards in different countries across the globe. It provides with a significant differences of accounting standards in different countries along with examples. The most significant difference is presented based on two companies Vodafone PLC and Verizon Communication INC. It shows country wise difference in accounting standards based on treatment for various transactions with relevant examples. Also it demonstrates the reason for diversities in international accounting. The paper also discusses various problems that arises due to diversities international accounting.
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