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Succes of accounting to our country?
The success of accounting in our country has led to proper utilization of the national resources.
Why do accounting systems of different countries differ?
Accounting systems of different countries differ because accounting is shaped by the environment in which it operates. Each country's accounting system has evolved in response to the local demands for accounting information. Because of globalization of capital markets, the lack of comparability has become a problem as transnational financing and transnational investments have grown rapidly in recent decades. Due to the lack of comparability, a firm may have to explain to investors why its financial position looks very different on financial reports that are based on different accounting practices.
Why do users of accounting information need accounting information?
External users of accounting information (especially investors) use accounting information like annual and quarterly reports to base their investing decisions on, and to compare different companies with one another.Internal users of accounting (mostly managers) use internal accounting information in order to plan for the future.Therefore accounting information is not only vital to the one's individual business or investments but is also of great benefit to the wider society and the world at large. In addition to which this will allow each country to organize their funds in a more systematic approach as such making room for development of one's country and the upward social mobility of the people of that specifis country. In all simplicity, accounting information prepares us for the future.
Why do general public use accounting information?
The general public may be interested in that the company is established under the ethics of the society. And they expect the company to be responsible for their activities. (For example, does not pollute the environment and does not produce unhealthy products, or does not provide anti-social products of ideas). And as a country they could be prideful when the company is listed among other top rated companies internationally. And it exposes the country's good name. The general public is interested in accounting information to know that company is obtaining profits, so which they could maintain their state of the economy accordingly.
Which Canadian organization is responsible for setting generally accepted accounting principles?
The Canadian Accounting Standards Board (AcSB) is the organization responsible for setting generally accepted accounting principles (GAAP) in Canada. It establishes accounting standards for both private and public enterprises, ensuring they align with international standards where applicable. The AcSB aims to enhance the relevance, reliability, and comparability of financial reporting in the country.
Succes of accounting to our country?
The success of accounting in our country has led to proper utilization of the national resources.
Discuss two HR activities in which a MNE must engage that would not be required in a domestic environment?
cultural and language training tax issues of the foreign country
What is accounting nationalism?
Accounting nationalism is a situation where by each country has a national sovereinty †☺ establish her own accounting rules and policies.
What influences environmental policies?
There can be plenty of factors influencing policy making in a country. Some are: geographical factors. socio-economic factors. multiculturalism. plurality of the country. castesim. class differences. poverty and backwardness.
What are the accounting values in Australia?
Please visit the Web site of the Australian Accounting Standards Board to review the accounting values for the country/continent.
What are GAAP Financial statements?
Generally Accepted Accounting Principles. These are a framework of guidelines for financial accounting. The GAAP in each country differs and the standards are shaped by the relevant country company law and governed by an accounting standards board.
Why do accounting systems of different countries differ?
Accounting systems of different countries differ because accounting is shaped by the environment in which it operates. Each country's accounting system has evolved in response to the local demands for accounting information. Because of globalization of capital markets, the lack of comparability has become a problem as transnational financing and transnational investments have grown rapidly in recent decades. Due to the lack of comparability, a firm may have to explain to investors why its financial position looks very different on financial reports that are based on different accounting practices.
How does tourism affect culture and environment in a country?
Well, tourism effects cultures and environments in many ways like it could effect there language, might force then to change there infasturcture, etc...
Where can one find reviews of accounting software?
Reviews of accounting software from findaccountingsoftware website, or from accountingsoftwaresuccess website. Each country has their own site for reviews of accounting softwares.
What is host country?
A host country is a nation that receives foreign individuals, businesses, or organizations. This can occur in various contexts, such as tourism, international business, or diplomatic relations. The host country provides the environment and infrastructure for these entities to operate or reside, often influencing their experiences through cultural, legal, and economic factors.
What Business and legal and economic environment?
The ICFAI center for management research state that the global business environment can be defined as the environment in different sovereign countries, with factors exogenous to the home environment of the organization, influencing decision making on resource use and capabilities. This includes the social, political, economic, regulatory, tax, cultural, legal, and technological environments.The political environment in a country influences the legislations and government rules and regulations under which a foreign firm operates. The economic environment relates to all the factors that contribute to a country's attractiveness for foreign businesses.Every country in the world follows its own system of law. A foreign company operating in that particular country has to abide with its system of law as long as it is operating in that country. The technological environment comprises factors related to the materials and machines used in
What are factors influencing policy making?
There can be plenty of factors influencing policy making in a country. Some are: geographical factors. socio-economic factors. multiculturalism. plurality of the country. castesim. class differences. poverty and backwardness.
