Accounting Reporting Criteria Paper

This paper get out comp are and contrast the method of news report account criteria such as the restrictive environs, issues with foreign currency, and report inform practices within U.S. Company Hewlett Packard and the Swiss fiscal service tight UBS. This paper will in like panache conduct inquiry base the globose business environment viewed from various dimensions. These dimensions are listed preceding(prenominal) (regulatory environment, issues with foreign currency, resistences in and generally accepted accounting principles). This paper will also stay on the regulatory environment, the business stake dealing with foreign currency and the differences between U.S. GAAP and world(a) GAAP. Within the context of a global business environment, regulatory implications involve two study aspects. One is the rules-making body called the internationalistic Accounting Standards Board (IASB). The siemens major aspect involves the reasoned 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 grievous member of organizations worldwide. Accounting is a process used by global organizations to process, identify and communicate economic information. Companies worldwide lend oneself 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 follow specific acco! unting practices when recording its financial information. plot 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 figure out 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 exigency to nettle a full essay, order it on our website: OrderEssay.net

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