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Essay / Research Paper Abstract
There are many differences seen in financial reporting and the way it takes place in different countries. This 7 page paper considers some of the influences that will impact on the way differences emerge. The paper looks at the influence of culture, the status of accountants in the country and the stage of economic development of the country. The bibliography cites 10 sources.
Page Count:
7 pages (~225 words per page)
File: TS14_TEdiffinter.rtf
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Unformatted sample text from the term paper:
barriers to international investments are also falling creating a single global marketplace. When investors look at assessing a company they will use the annual accounts as a point of reference.
It is easy to assume that the accounts will be the same; recording the financial performance. However, the reality is that the accounts will have differences caused by issues such
as cultural differences, the status of the accounting profession and other external issues such the stage of development of the country. The culture of a country may be seen
as impacting on the way accounts are perceived and the way they are out together. Many western countries have a high degree of capitalist values in their culture and it
may be argued that the way the accounts are created reflect this value. In capitalist economies it is the forces of supply and demand which form the foundations of
the company and the way a company performs, selling their services seeking to increase demand or the level to which they can supply and optimising supply and demand to increase
reviews. Many executives salaries will be based on satisfying the shareholder needs, which invaribialy will mean capital or income growth. The shareholders invest in companies to make money, if a
company is seen to be wasting money then they are unlikely to wish to invest in it (Howells et al, 2003). Therefore,
the way that accounts are managed is likely to reflect the need to show the company in a condition with a short term perspective taken. This is especially true where
there are many CEOs and board members granted share options and benefiting directly from share performance where the demand of the shares is increased by the presentation of a good
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