Accounting Essay by The Research Group

Accounting
Discusses American & Japanese principles of accounting. Financial statements. Impact of international companies.
# 10940 | 1,350 words | 8 sources | 2001 | US
Published on May 16, 2003 in Accounting (Financial) , Accounting (Theory) , Business (Accounting) , Business (International)


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From the Paper:

"Accounting has been described as the "language of business" (Guerrieri, Haber, Hoyt & Turner, 1992, p. 1). Accounting provides managers with the tools they need to plan effective and focus attention on deviations from that plan, direct daytoday operations and arrive at the best solution to the operating problems faced by the organization. However, as the language of business, accounting is also used by those outside the organization to make decisions that directly affect the company. If the company is publicly held, this information is used by current and potential shareholders to determine whether management is meeting their expectations. Creditors evaluate the company's financial statements in order to determine whether or not to extend credit or to call in debt already owed. Potential employees evaluate the ..."

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