Pick a number: internationalizing U.S. accounting
Author:
Publisher:
Business Expert Press
Pub. Date:
2014
Edition:
First edition
Language:
English
Description
For many years, individual countries decided their own rules and regulations for company financial accounting and reporting. As the world became more global, problems began to arise. A company could make a profit for the year if the rules in its own country were applied, but this could turn into a loss if another country's rules were used. This did not make sense. Investors were hesitant to buy shares in foreign companies, companies were careful when the financial stability of foreign suppliers and customers could not be established, and companies wanting to list on a foreign stock exchange, for example, New York, experienced difficulties. To prevent this confusing and misleading state of affairs, attempts were made at the international level to agree on what the rules, known as accounting standards, should be for financial accounting and reporting. Those standards are now issued by the International Accounting Standards Board (IASB). Since 2002, the standard setter in the United States, the Financial Accounting Standards Board (FASB), has been actively engaged with the IASB in attempting to converge U.S. regulations with international accounting standards. These events are not only important to accountants, but to everyone who has been dealing with a company. This could be investors, employees, customers, banks, suppliers, and the tax authorities. If you are interested in the financial performance and status of a company, you need to understand the accounting rules, their changes, and the reasons they pursue an international set of standards.
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Subjects
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ISBN:
9781606497319
Staff View
Grouping Information
Grouped Work ID | 14f98065-c34a-d8f3-70eb-298e772f6044 |
---|---|
Grouping Title | pick a number internationalizing u s accounting |
Grouping Author | roger hussey |
Grouping Category | book |
Grouping Language | English (eng) |
Last Grouping Update | 2024-03-24 08:49:07AM |
Last Indexed | 2024-04-28 00:51:46AM |
Solr Fields
accelerated_reader_point_value
0
accelerated_reader_reading_level
0
auth_author2
Ong, Audra
Ong, Audra Wei Ming
Ong, Audra Wei-Ming
Ong, Audra Wei Ming
Ong, Audra Wei-Ming
author
Hussey, Roger
author2-role
Ong, Audra
Ong, Audra Wei Ming
Ong, Audra Wei Ming.,author
Ong, Audra Wei-Ming,author
Ong, Audra Wei Ming
Ong, Audra Wei Ming.,author
Ong, Audra Wei-Ming,author
author_display
Hussey, Roger
available_at_ccu
CCU Electronic Resources
detailed_location_ccu
CCU Electronic Resources
display_description
For many years, individual countries decided their own rules and regulations for company financial accounting and reporting. As the world became more global, problems began to arise. A company could make a profit for the year if the rules in its own country were applied, but this could turn into a loss if another country's rules were used. This did not make sense. Investors were hesitant to buy shares in foreign companies, companies were careful when the financial stability of foreign suppliers and customers could not be established, and companies wanting to list on a foreign stock exchange, for example, New York, experienced difficulties. To prevent this confusing and misleading state of affairs, attempts were made at the international level to agree on what the rules, known as accounting standards, should be for financial accounting and reporting. Those standards are now issued by the International Accounting Standards Board (IASB). Since 2002, the standard setter in the United States, the Financial Accounting Standards Board (FASB), has been actively engaged with the IASB in attempting to converge U.S. regulations with international accounting standards. These events are not only important to accountants, but to everyone who has been dealing with a company. This could be investors, employees, customers, banks, suppliers, and the tax authorities. If you are interested in the financial performance and status of a company, you need to understand the accounting rules, their changes, and the reasons they pursue an international set of standards.
format_category_ccu
eBook
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eBook
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itype_ccu
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last_indexed
2024-04-28T06:51:46.445Z
lexile_score
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literary_form
Non Fiction
literary_form_full
Non Fiction
owning_library_ccu
Colorado Christian University Online
owning_location_ccu
CCU Electronic Resources
primary_isbn
9781606497319
publishDate
2014
publisher
Business Expert Press
recordtype
grouped_work
series
2014 digital library
Financial accounting and auditing collection
Financial accounting and auditing collection
series_with_volume
2014 digital library|
Financial accounting and auditing collection|
Financial accounting and auditing collection|
subject_facet
Accounting
Accounting -- Standards
Accounting -- Standards -- United States
BUSINESS & ECONOMICS -- Accounting -- Financial
Electronic books
Financial Accounting Standards Board
Globalization
United States
accounting standards
conceptual frameworks
convergence
fraud
Accounting -- Standards
Accounting -- Standards -- United States
BUSINESS & ECONOMICS -- Accounting -- Financial
Electronic books
Financial Accounting Standards Board
Globalization
United States
accounting standards
conceptual frameworks
convergence
fraud
title_display
Pick a number : internationalizing U.S. accounting
title_full
Pick a Number : Internationalizing U. S. Accounting Hussey, Roger.
Pick a number : internationalizing U.S. accounting / Roger Hussey and Audra Ong
Pick a number : internationalizing U.S. accounting / Roger Hussey, Audra Ong
Pick a number : internationalizing U.S. accounting / Roger Hussey and Audra Ong
Pick a number : internationalizing U.S. accounting / Roger Hussey, Audra Ong
title_short
Pick a number
title_sub
internationalizing U.S. accounting
topic_facet
Accounting
Accounting -- Standards
Accounting -- Standards -- United States
BUSINESS & ECONOMICS
Financial
Financial Accounting Standards Board
Globalization
Standards
accounting standards
conceptual frameworks
convergence
fraud
Accounting -- Standards
Accounting -- Standards -- United States
BUSINESS & ECONOMICS
Financial
Financial Accounting Standards Board
Globalization
Standards
accounting standards
conceptual frameworks
convergence
fraud
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