Compatibility Problems and Accounting
This paper looks at compatibility problems in different accounting standards for multinational companies.
# 126108 | 2,000 words | 3 sources | APA | 2008 |
Published on Dec 01, 2008 in Accounting (Managerial) , Accounting (Theory) , Business (Accounting) , Business (Finance, Investment and Banking)
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A brief examination of the differences in the handling of inventory under various accounting standards. The writer discusses three accounting standards in the financial world today. These are the Financial Accounting Standards Board (FASB), Generally Accepted Accounting Principles (GAAP) and the International Accounting Standards Board.
From the Paper:"The underlying problem is that there are three accounting standards in the financial world today. The first the Financial Accounting Standards Board or FASB used in the United States. The second is Generally Accepted Accounting Principles or GAAP that varies from country to country. Finally there is the International Accounting Standards Board. The objective of all these rules is transparency. The achievement of this objective is to say the least elusive."
Cite this Analytical Essay:
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