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What accounting issues arise for a company as a result of engaging in intternatinal trade?
Wiki User
∙ 9y ago
Many companies lose money as a result of converting currencies. Generally, businesses try to avoid this by charging customers currency fees.
Wiki User
∙ 9y ago
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What accounting issues arise for a company as a result of engaging in international trade?
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What are the three accounting issues associated with accounts receivables?
Associated accounting issues include recognizing accounts receivable, valuing accounts receivable, and disposing of accounts receivable.
What is the accounting treatment for a subsidiary buying shares of its parent company?
You have to deal with special legal issues. Having a business lawyer help deal with the procedures and help out.
What group or organization governs ethical issues in financial accounting?
The Financial Accounting Standards Board (FASB)
Who issues accounting standards in India?
National Advisory Committee on Accounting Standards
What is the contemporary issues of cost accounting?
iu dont know
Whether international harmonisation of accounting standards is a good idea?
AnswerHow do specific accounting theories helps us to understand issues relating to harmonization of accounting standard.
Is the financial accounting standards advisory board the same as the federal accounting standards board?
The Financial Accounting Standards Board (FASB) is a private organization (within the Financial Accounting Foundation) that issues financial accounting and reporting standards for nongovernmental entities.
What ethical issues might accounting professionals face in dealing with confidential information?
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Three accounting issues associated with accounts receivable are?
Recognizing, Valuing , and Disposing
What are the ethical issues of financial accounting?
People leak disclosed financial information about the businesses
Identify two important issues in international accounting today?
The two important issues affecting international accounting today are the different accounting standards or principles being used by businesses around the world; and lack of ethical principles within the accounting profession i.e. driven by agency theory. The different accounting principles have created the problem of comparability and increased in costs to the industries that fetch the services of accountant. The lack of ethical principles have led to the failure of companies.
