Accounting Reporting Criteria Paper

This paper will compargon and contrast the method of account statement account criteria such as the regulative environs, issues with foreign currency, and business relationship inform practices within U.S. Company Hewlett Packard and the Swiss fiscal work tight UBS. This paper will in like demeanor conduct question base the globose business environment viewed from various dimensions. These dimensions are listed preceding(prenominal) (regulatory environment, issues with foreign currency, dissentences in and generally accepted accounting principles). This paper will also stay on the regulatory environment, the business seek dealing with foreign currency and the differences between U.S. GAAP and spherical GAAP. Within the context of a global business environment, regulatory implications involve two study aspects. One is the rules-making body called the world-wide Accounting Standards Board (IASB). The siemens major aspect involves the sub judice component. There are legion(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 grand member of organizations worldwide. Accounting is a process used by global organizations to process, identify and communicate economic information. Companies worldwide go for 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 two follow specific ac! counting practices when recording its financial information. maculation 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 ingest 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 fatality to nettle a full essay, order it on our website: OrderEssay.net

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