Accounting Reporting Criteria Paper

This paper testament comp ar and contrast the method of method of account account criteria such as the regulatory milieu, issues with foreign currency, and accounting inform practices within U.S. Company Hewlett Packard and the Swiss fiscal go tight UBS. This paper will in like expressive style conduct enquiry base the globose business environment viewed from various dimensions. These dimensions are listed preceding(prenominal) (regulatory environment, issues with foreign currency, differences in and generally accepted accounting principles). This paper will also stay on the regulatory environment, the business hazard dealing with foreign currency and the differences between U.S. GAAP and globose GAAP. Within the context of a global business environment, regulatory implications involve two study aspects. One is the rules-making body called the foreign Accounting Standards Board (IASB). The siemens major aspect involves the profound 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 essential 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 some(prenominal) follow specific accounting practices when recording its financial information. darn 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 get along 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 need to nettle a full essay, order it on our website: BestEssayCheap.com

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