International Accounting
What is Domestic Accounting? Domestic Accounting: an information specialty providing information about a firm to users of that information as a basis for economic decisions. What is International Accounting? International Accounting (defined): same as above except that the firm being reported on is a multinational company with operations and transactions that cross national boundaries or an entity with reporting obligations to non-domestic readers. What Does International Accounting Diversity Entail? Measurement principles Financial disclosure (corporate transparency) Auditing practices Contributing Factors Accounting’s international heritage Double-entry originates in the Italian city states. Bookkeeping [...]