Here is the synopsis of our sample research paper on INTERNATIONAL ACCOUNTING STANDARDS, COMPARISONS AND INVESTMENTS. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 11-page paper compares the International Accounting Standards (IAS) with the U.S. Generally Accepted Accounting Standards (GAAP), and determines how such differences could impact foreign direct investment. Bibliography lists 8 sources.
Page Count:
11 pages (~225 words per page)
File: D0_MTacstin.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
Standards (IFRS) by stating that "investors and other stakeholders will be able to compare like with like. It will help European firms to compete on equal terms when
raising capital on world markets." (BDO et al 2002; see also Preobragenskaya Locia and McGee, 2003)" The reason he made this statement
was because, at the time, more than 100 companies were competing for foreign investment (Preobragenskaya Locia and McGee, 2003). However, one thing that gets in the way of these companies
actually receiving FDI, as it is called, ends up being their corporations accounting practices (Preobragenskaya Locia and McGee, 2003). According to Preobragenskaya Locia
and McGee (2003), this is particularly clear among so-called "transition" economies - because they have recently emerged from strict government controls of business, these economies have not had the opportunity
or time to adapt a financial reporting method that developed, free-market countries currently adhere to. Both developed economies and transition economies, however,
are working hard to follow the International Accounting Standards, as working with IAS is demonstrated as being one method by which countries can successfully attract FDI (Preobragenskaya Locia and McGee,
2003). It is believed, by many experts, that adoption of IAS by most countries (the United States included) will end up establishing transparency and reducing the potential for fraud (Preobragenskaya
Locia and McGee, 2003). Yet the truth is, accounting standards between countries can differ greatly, meaning FDI and other investment is impacted from
a global standpoint. For example, the United States Generally Accepted Accounting Practices (GAAP) has some differences between the IAS, which is practiced (for the most part) among the members of
...