This is a thorough, up-to-the-minute manager's and student's introduction to the increasingly important field of international accounting and reporting.
The authors introduce the fundamental issues associated with international accounting and reporting, and the types of differences that exist among major nations and economies. They present the basics of financial reporting in the US, the UK, the Netherlands, France, Germany, Eastern Europe, China, Japan and elsewhere. They show how global companies may harmonize their financial reporting; how to handle consolidation, foreign currency transactions, inflation accounting, international auditing, international income taxes, and other critical issues.