Accounting Reporting Criteria Paper

This paper volition comp are and contrast the method of invoice account criteria such as the restrictive purlieu, issues with foreign currency, and score inform practices within U.S. Company Hewlett Packard and the Swiss fiscal go tight UBS. This paper will in like fashion conduct look for base the globose business environment viewed from various dimensions. These dimensions are listed preceding(prenominal) (regulatory environment, issues with foreign currency, disagreeences in and generally accepted accounting principles). This paper will also stay on the regulatory environment, the business take chances dealing with foreign currency and the differences between U.S. GAAP and international GAAP. Within the context of a global business environment, regulatory implications involve two study aspects. One is the rules-making body called the multinational Accounting Standards Board (IASB). The siemens major aspect involves the effective component. There are legi on(predicate) differences between U.S. GAAP (FASB) and Global GAAP (IASB). Local brass laws will vary by the geopolitical and economic frameworks of each(prenominal) country. Differences in and GAAPAccounting and financial reporting are an all important(predicate) member of organizations worldwide. Accounting is a process used by global organizations to process, identify and communicate economic information. Companies worldwide enforce financial statements to provide an overview of its business financial position. The play alonging research compares and contrasts the accounting reporting criteria practices of U.S. technology services provider Hewlett Packard, and Swiss found financial services firm UBS.

HP and UBS twain follo! w specific accounting practices when recording its financial information. speckle the organizations allot many similarities in its reporting there are also many differences. HP reports its consolidated financial statements in unity with U.S. generally accepted accounting principles (GAAP), which requires management to cave in judgments, assumptions, and estimates which prompt the reported amounts of assets, liabilities, net revenue and expenses, and the disclosure of assets and liabilities. These principles differ from UBS as its financial statements are prepared in accordance... If you compliments to nettle a full essay, order it on our website: OrderEssay.net

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