国际会计复习资料2.docVIP

PAGE PAGE 1 Chapter 1: What is International Accounting? Domestic accounting: an information specialty providing information about a firm to users of that information as a basis for economic decisions. International accounting (defined): same as above except that the firm being reported on is a multinational company with operations and transactions that cross national boundaries or an entity with reporting obligations to non-domestic readers. What Does International Accounting Diversity Entail? Measurement principles Financial disclosure (corporate transparency) Auditing practices