Historically, companies have been required to prepare financial statements on the basis of country-specific accounting standards. As a result, people who invest in companies from different countries have to deal with the financial statements based on a variety of financial "languages." This can be very confusing, especially if people do not understand these differences exist, and consider them. In this article we will discuss the different accounting methods used for financial statement reporting around the world, and to analyze the concept of all companies using the same set of rules. "Hide
by Devon Erickson, Adam Esplin, Laureen A. Maines Source: Business Horizons 7 pages. Publication Date: November 15, 2009. Prod. #: BH354-PDF-ENG
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