HAdams_AccountingChallenges_010911 - Accounting Challenges...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Accounting Challenges 1 RUNNING HEAD: ACCOUNTING CHALLENGES IN THE GLOBAL MARKETPLACE Accounting Challenges in the Global Marketplace Helen Adams Rasmussen College International Accounting – ACG4250 Jaclyn Strauss, CPA January 9, 2011
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Accounting Challenges 2 Accounting Challenges in the Global Marketplace The internationalization of business activities has increased exponentially over the past 3 decades. Because the accounting standards and practices of different countries have developed in response to diverse environments, accounting has developed with strong national emphasis. As a result, multinationals with branches and investments in a wide array of countries find it difficult to achieve a consolidated financial report. The benefits of a set of uniform accounting standards include greater comparability of financial information for investors, greater willingness on the part of investors to invest across borders, lower cost of capital, more efficient allocation of resources, and higher economic growth . In 2001, the IASB was created, replacing the International Accounting Standards
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/30/2011 for the course ECON 101 taught by Professor Smith during the Spring '11 term at University of Phoenix.

Page1 / 4

HAdams_AccountingChallenges_010911 - Accounting Challenges...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online