Culture’s Impact on Business Functions55

Culture’s Impact on Business Functions55 -...

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Sources of Variations Economic systems High inflation countries: update value of assets, equity, costs versus historical cost Pensions: state or company operated Level of development : firm complexity, supply of accountants
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Unformatted text preview: • Political systems – State enterprises: meaning of “owners equity”, dividend policy • Legal systems – Prescriptive civil law (“thou shalt”), – Interpretive common law (“thou shalt not”)...
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