| Papers [1-14] of 100 :: [Page 1 of 8] | | Go to page : 1 2 3 4 5 6 7 8 —> | Search results on "INTERNATIONAL ACCOUNTING": |
|
|
SEC Concept Release on International Accounting Standards, 2002.
A summary of the concept release put out by the U.S. Security and Economic Commission (SEC) on International Accounting Standards.
1,005 words (approx. 4.0 pages), 3 sources, MLA, £ 24.95
»
Click here to show/hide summary
Abstract
The paper shows that the increased globalization of companies has led to a dilemma for investors because accounting standards in various capital markets are not always reliable. It shows too that in an effort to increase the reliability of financial information in capital markets the SEC seeks to maintain the high quality of financial reporting in the U.S., while working towards establishing a high quality financial reporting structure worldwide. This paper summarizes the issues presented in the SEC?s concept release on International Accounting Standards. These issues include: the five elements of global financial reporting; exceptions to rules for foreign private issuers using accounting standards that differ from GAAP; and the three criteria for assessing the International Accounting Standards Committee.
From the Paper
"Rigorously interpreted and applied: The development of high standards does not ensure that the standards will be upheld. In order for the standards to be practiced consistently accountants have to understand the responsibility they have in applying these standards consistently and in a manner that is needed to ensure high quality. This understanding only comes when regulators including auditors, rigorously interpret and apply these standards to accounting standards around the globe. The SEC contends that IASC standards are not used in many capital markets, which makes it impossible for them to be interpreted or applied. In addition countries that do utilize IASC standards have yet to incorporate the new changes created by the IASC."
| |
|
U.S. and International Accounting, 2006.
This paper explores and evaluates the impact of international and U.S. accounting practices as well as the effectiveness of The International Accounting Standards Committee.
1,320 words (approx. 5.3 pages), 5 sources, APA, £ 31.95
»
Click here to show/hide summary
Abstract
The author explains why standardization in global markets must occur which will result in increased international investments. This paper examines the different accounting methods and theories in various countries and compares them to the U.S. accounting system. The author goes on to rationalize that to maintain a semblance of order and understanding, there has been a constant effort to come up with a harmonious "language" and set of standards that would cover all the nations involved in the economies of the world.
From the Paper
"The two major reasons that standardization must occur is the increased amounts of international investments, and global financial markets. This is a far more intricate movement than a company's moving production to a "sweat-shop economy". We are now seeing joint ventures, mergers and acquisitions, as companies position themselves for the 21st Century, including the new "euro" currency for the European union, and the problems which need to be handled in South East Asia, as well as the opportunities looming in China, which still has its Most Favored Nations Status, thus encouraging American firms to invest, create joint ventures, and even build their Sino-American subsidiary plants and distribution centers. So, as an example, how is accounting to be handled in such cases? Through American or Chinese accounting methods? The simplistic answer, of course, is to create a unified system."
| |
|
International Accounting Standards, 2005.
A discussion on adopting international accounting standards.
2,300 words (approx. 9.2 pages), 11 sources, MLA, £ 56.95
»
Click here to show/hide summary
Abstract
This paper discusses whether or not Quaccess should move to adopt international accounting standards. It considers the role of financial statements and international implications. The author concludes that American firms should wait and see before moving toward adopting international standards.
From the Paper
"Accounting is sometimes referred to as the language of business. Financial statements and accounting pronouncements are used by stakeholders in organizations-shareholders employees creditors ..."
| |
|
International Accounting, 2005.
This paper explains the function of accounting as international business continues to grow rapidly.
3,305 words (approx. 13.2 pages), 11 sources, MLA, £ 66.95
»
Click here to show/hide summary
Abstract
This paper explains that international trade is complicated by the various currencies which are used in the world's marketplace, because, whenever an entity buys from a foreign supplier or sells goods to a foreign customer, the parties involved must agree on the currency to be used to settle the transaction. The author points out that the biggest problem is the inability to "interpret" financial statements from foreign countries properly because the standards in each country vary and they cannot be merely equated with domestic standards and regulations. The paper relates that, to attempt to maintain a semblance of order and understanding, there has been a constant effort, especially since the formation of the International Accounting Standards Committee (IASC) in 1973, to establish a harmonious "language" and set of standards, which would cover all the nations involved in the economies of the globe.
Table of Contents
Overview
The Needs and Opportunities for International Harmonization
G-22
IOSCO
Conclusions
From the Paper
"Given the differences and the need to develop a harmonious system of accounting standards, why is it not happening, at a time when joint ventures and buy-outs by the wealthier nations of industries in the hard-hit lands (Thailand and Mailaysia) This question can be asked again and again, and different versions may appear in this essay, but no one has an adequate answer. It is not asking a total revolutionary upheaval of financial or accounting practices. Still, many national accounting associations want to be the one making some sort of "sacrifice", It is a source of national pride, rather than a globalizing opportunity. However, there are groups, made up of international financial and accounting leaders, who want to make at least some progress."
| |
|
International Accounting Standards, 2007.
This paper examines the need for a universal set of accounting standards.
3,559 words (approx. 14.2 pages), 10 sources, MLA, £ 70.95
»
Click here to show/hide summary
Abstract
The paper discusses the many advantages of having one global set of accounting standards that would improve the quality of financial reports and investment decisions. The paper looks at the IAS or International Accounting Standards proposal that will determine one set of accounting standards. The paper concludes that if the United States were to impose a broad and ill-defined system of accounting standards, companies would challenge every standard, trying to define the system in their favor.
Outline:
Pros And Cons Of Having One Global Accounting Standard
Preparers, Users and Regulators of the International Accounting Standards
Types of Companies; Listed vs. Unlisted, Large v. Medium v. small, Domestic v. International, Public v. Private
Political Process of Standard Setting; Rules Based, Principal Based
Examples of Three Different Countries; Compare Their Accounting Practices
Conclusion
From the Paper
"The new electronic interdependence recreates the world in the image of a global village." (McLuhan (1962 (1996, p. 31). There are many advantages of having one global set of accounting standards that will provide society with a crucial service not only in the United States, but in other countries as well. In recent years there has been shameful accounting methods used in which billions of dollars in retirement wealth and investments have had great financial losses. Because of these slanderous actions, the integrity and the ability to survive these accounting services have been questioned. Globalizing international trade by using a set of global accounting standards has had a tremendous effect in the way business is conducted. (Pagiavlas 1)"
| |
|
International Accounting Standards, 2005.
A discussion of the international movement towards common accounting standards for all countries and the United States' role.
1,611 words (approx. 6.4 pages), 5 sources, MLA, £ 36.95
»
Click here to show/hide summary
Abstract
The paper discusses the international movement towards common accounting standards for all countries, and how, as a major economic power, the United States has an important role to play in the matter. The paper further examines the standards that have been developed by the International Accounting Standards Board (IASB). The paper concludes with an analysis of America's current practices, focusing on the four Statements of Federal Financial Accounting Concepts abd addressing the main objectives behind federal financial reporting. It looks at the identification of the organization doing the reporting and presents a discussion of issues that are related to the preparation of management's discussion. The paper also presents an analysis of the financial statements.
Table of Contents:
Introduction
Analysis
Conclusion
End Notes
References
From the Paper
"The present system is to capitalize the asset as per international accounting standards. The expenses that are being talked about are under in process research and development. Apart from this FASB has decided that capitalization of IPR&D will only apply to business combinations. When assets are purchased, and they are not viewed as businesses under GAAP in US, would continue to have IPR&D as expenses."
| |
|
International Accounting, 2005.
An evaluation of research theories and methodologies in accounting.
2,387 words (approx. 9.5 pages), 5 sources, MLA, £ 51.95
»
Click here to show/hide summary
Abstract
This paper describes and evaluates research theories and methodologies in order to classify accounting systems internationally. The paper explains the purpose of classification and the two methods used for classifying international accounting systems, looks at some of the problems of these methods of classification, and touches briefly upon the impact that culture and society values have on accounting.
From the Paper
"Classification of international accounting systems has many purposes, as it aims to help financial users to better understand each system and to contribute to the harmonization of these heterogeneous systems. Classifications intend to sharpen the description, analysis and prediction of accounting systems (which refers to the extent to which national systems are similar or not, the pattern of development of systems, which may have important potential for change, and the reasons why some systems dominate others), to help describe and compare different national systems in order to better understand them, to make assessments of harmonization prospects, to guide national policy makers in taking the right steps in order to achieve full economic development, to help developing countries choose appropriate systems, which would not impede but facilitate their development, and to help MNEs overcome problems of establishing control systems."
| |
|
The Internal Accounting Consultancy Model, 2004.
This paper discusses the use of the internal accounting consultancy model at Marmon, a privately held company.
675 words (approx. 2.7 pages), 1 source, APA, £ 16.95
»
Click here to show/hide summary
Abstract
This paper explores the kind of background and knowledge an accountant requires to be an effective internal consultant. The author explains that data gathered by accountants is not only used internally but also externally. The paper relates the ways in which information gathered by accountants at Marmon and other corporations is used by individuals and organizations outside of the company.
From the Paper
"There is still a role for external consultants as they provide flexible resource of manpower and specialist expertise that an organization often lacks. Internal consulting offers a new model for many highly skilled accountants whose abilities are under-utilized. A common failure of internal auditors becoming internal consultants is that the company and the consultants both expect their job duties to be driven by functional department manager they are assisting. However, successful consulting demands a proactive approach where the relationship is between equals. Consultants often must challenge the d
| |
|
Internal Controls in Accounting, 2002.
Examines its use.
1,800 words (approx. 7.2 pages), 8 sources, £ 44.95
»
Click here to show/hide summary
Abstract
Examines its use. Focuses on the internal control business model for a cash transaction operation. Compares and contrasts the generic internal control business model and the internal controls applied to the handling of cash in an operation of the New York City Police Department (NYPD). Describes internal controls in an accounting context.
From the Paper
"INTERNAL CONTROLS IN ACCOUNTING
Introduction
This research examines the use of internal controls in accounting. To elaborate on this examination, the research covers in somewhat greater depth the internal control business model for a cash transactions operation. A discussion of the similarities and differences between the generic internal control business model for a cash transactions operation and the internal controls applied to the handling of cash in an operation of the New York City Police Department (NYPD) further extends the illustration of the application of internal controls in an accounting context.
Internal Controls in Accounting
Internal controls in an accounting context refer to the system of ..."
| |
|
International Fashion Industry Accounting Practices, 2004.
This paper compares the accounting and operation funding practices of three international companies in the fashion industry: GAP-U.S.A.; H&M, a Swedish company; and Benetton, an Italian company.
1,880 words (approx. 7.5 pages), 4 sources, MLA, £ 42.95
»
Click here to show/hide summary
Abstract
This paper explains that, examining the accounting measures and practices of each of these companies, both the American and European companies have a bottom-line concept of accounting that is represented by the basic accounting principle of 'assets=liabilities + equity'. The author points out that, in the United States, laws require a financial statement unless a company is traded on the stock exchange; in Europe, companies, which have only debt securities listed on the EU regulated markets, and which have securities listed on the non-EU markets, are required to prepare consolidated accounts according to internationally recognized standards. The paper demonstrates the difference in international reporting practices, which make comparison almost impossible; with globalization, these differing practices must be standardized.
From the Paper
"Any company financial statement includes some basic information; a balance sheet, income statement, cash flow statement and financial statement notes, which explain any irregularities or noteworthy numbers. The United States has been lobbying to create a standardized representation of these numbers to create a level playing field when it comes to comparing financials. Although, Europe is slightly behind in this endeavor, they are also moving towards the concept of standardization."
| |
|
Accounting Standards in the E.U., 2005.
A look at international accounting standards into the European Union.
4,050 words (approx. 16.2 pages), 15 sources, £ 113.95
»
Click here to show/hide summary
Abstract
This paper deals with the harmonization of the international accounting standards into the European Union as well as other countries around the world. It has several historical components.
From the Paper
"What began as a method to unify industries, specifically coal and steel, between France and a few western European countries in 1951, has today grown into a 25-country conglomerate. However in its humble beginning it was comprised of only 6 members and those countries were: Belgium, West Germany, Luxembourg, France, Italy and the Netherlands. At the time the only concern was to improve their industries especially in the years following World War II ("History of the E.U."). Today the E.U. is comprised of several countries, 25 in total. They are listed below: Austria, Belgium, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, United Kingdom (Scott 71). "
| |
|
International Financial Reporting, 2008.
An assessment of the barriers and challenges to the institution of the International Accounting Standards Board's (IASB) international financial reporting standards (IFRS) .
6,240 words (approx. 25.0 pages), 9 sources, APA, £ 103.95
»
Click here to show/hide summary
Abstract
This research paper focuses on the International Accounting Standard Board's (IASB) international financial reporting standards (IFRS) and the barriers and challenges that exist to adoption and implementation of these standards. The work conducts an extensive review of relevant academic and professional literature to identify these challenges and barriers and identifies the steps that are necessary to overcome these challenges.
Outline:
Objective of the Research
Questions of the Research
Methodology
Introduction
Literature Review
Summary and Conclusion
From the Paper
"In a recent report Allen Blewitt, Chief Executive of the Association of Chartered Certified Accountants (ACCA) warned that "implementation of, and compliance with, International Financial Reporting Standards would be adversely impacted unless the standards were made less complex." Blewitt specifically stated while speaking at a conference in London that: "What I believe the IASB most urgently needs to address are the barriers to implementation. From talking to our members working in business around the world, it is clear that the length of the standards and complexity of the concepts represent a very real problem in many countries. The standards have been described to me as a major turn-off and disincentive for accountants in commerce and industry. People who initially qualified as accountants and are now principals and managing directors resent that they can no longer understand the accounts of the business that they helped to build. I am concerned that, despite the name of the project, the focus of IASB's considerations are going to be large unlisted entities. The overwhelming need for a new set of standards is not for these few companies but for the much larger numbers of genuine SMEs. If the IASB fails to satisfy this real and urgent demand that exists around the world, then some other body must step in and deal with the real problem."
| |
|
Accountability and User-harm In Accounting, 1989.
A focus on responsibility and regulatory issues and revision of the ethics code. Examples of user-harm resulting from accounting information.
1,350 words (approx. 5.4 pages), 10 sources, £ 33.95
»
Click here to show/hide summary
From the Paper
Introduction
" The purpose of this research is to examine harm to users of accounting information stemming directly from the use of that information. Harm to users of accounting information has resulted from instances of (1) deficiencies in generally accepted accounting procedures (GAAP), (2) inadequate performance on the part of professional accountants, and (3) outright fraud (Dingell, 1988, E2161).
Accountability in Public Accounting
An important development which is in the process of occurring in contemporary American public accounting is a change in the way in which professional public accountants are held accountable for their actions ("National Commission on Fraudulent..."
| |
|
Accounting Ratios, 2006.
This paper defines the term accounting ratios and details why they are a significant tool applied by accountants when presenting accounting statements.
1,841 words (approx. 7.4 pages), 10 sources, MLA, £ 41.95
»
Click here to show/hide summary
Abstract
The writer of this paper examines the importance of accounting ratios in business. Accounting ratios illustrate the present as well as the prospective, so that shareholders can visualize how much gain a business attained, the total worth of the assets and the level of cash reserves available. This well-researched paper discusses the advantages and disadvantages of accounting ratios. One significant drawback of the accounting ratio is that it depends too heavily on the conventional costs that lead to twists in quantifying performance. Ratios are required to be represented meticulously. They can entail the evidences to the performance of the company or financial environment. However, they are unable to demonstrate whether the performance is good or bad out their own. The writer details the manner in which the final figures of accounting ratios are achieved, while discussing the fact that these ratios necessitate some quantitative information for an informed analysis to be made. The writer contends and clearly explains why accounting ratios are completely dependent on the supplied data which may or may not be accurate.
Table of Contents:
Introduction
Discussion
Conclusion
References
From the Paper
"A markedly low accounts ratio may give rise to angry suppliers and remarkably high inventory turnover ratios may lead to supply shortages and angry customers. The one that is correct for one company may not be considered appropriate for another one. Besides, no two companies are found to be similar irrespective of the fact that they are competitors in the same industry or market. Application of ratios to evaluate one company with another provides misleading information. Businesses may be within the same industry but have distinguished financial and business risk. Ratios are completely dependent on the data that may or may not be accurate."
|
|
|
