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This paper explores the nature of accounting design and structure within the United States as it compares to other major foreign markets. It discusses common regulatory practices and what agencies establish those practices within the U.S. The paper also explores the differences in handling foreign currency along with the gaps between the U.S. GAAP and other typical foreign policies regarding the same sets of financial accounting standards. It ends with discussing potential plans to further align the U.S. system with an already established International system.
Cite this Comparison Essay:
Accounting Practices in the U.S. and Abroad (2009, December 01) Retrieved April 18, 2021, from https://www.academon.com/comparison-essay/accounting-practices-in-the-us-and-abroad-144404/
"Accounting Practices in the U.S. and Abroad" 01 December 2009. Web. 18 April. 2021. <https://www.academon.com/comparison-essay/accounting-practices-in-the-us-and-abroad-144404/>