Culture’s Impact on Business Functions62

Culture’s Impact on Business Functions62 -...

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Some Differences Among Systems Recognition of expenses When incurred or when technically feasible Assessment of cost of goods sold Intangible assets (goodwill, brand names) Recognition, measurement, amortization
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Unformatted text preview: Fixed asset & inventory valuation Historic cost v inflation adjustment Income taxes Worldwide v territorial systems Foreign currency translation Net profit margin calculation...
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