International Accounting

Description: The internationalization of business and the tendency of financial markets to become global mean that companies and investors have to be prepared to address the accounting requirements of not only their own countries but also those of major trading partners. This student text provides a comprehensive examination of financial accounting practices in all major, and several emerging, industrial nations, including the United States, Australia, Japan, the larger member states of the European Community and Eastern Europe. Each country is analyzed by an author who is both a national of the country and an expert in its accounting system. The authors all have practical and academic experience. Each country is dealt with in a similar and structured fashion to enable ease of comparison. In addition to the individual country/region studies there are comprehensive chapters dealing with the major conceptual issues such as accounting and auditing in multinational companies, foreign currency translation, international capital markets and financial statement analysis.



Contents: 1. Country differences and harmonization - Axel Haller & Peter Walton; 2. IASC standards - Bernard Raffournier; 3. Accounting in the USA - Gary Meek; 4. Accounting in Germany - Axel Haller; 5. Accounting in France - Christian Hoarau; 6. Accounting in the UK - Peter Walton; 7. Accounting in Japan - Etsuo Sawa; 8. Accounting in Switzerland - Ann-Kristin Achleitner; 9. Accounting in Italy - Stefano Zambon; 10. Accounting in Belgium - Ann Jorissen; 11. Accounting in the Netherlands - Leo van der Tas; 12. Accounting in Spain - Begoea Giner Inchausti; 13. Accounting in Australia - Terry Heazlewood; 14. Accounting in Scandinavia - Kristina Artsberg; 15. Eastern Europe: from communism to capitalism - Jacques Richard; 16. Comparative synthesis of major accounting issues - Axel Haller; 17. Multinational companies and international capital markets - Wolf Bay & Hans-Georg Bruns; 18. Foreign currency translation - Paul Taylor; 19. Segmental reporting - Axel Haller; 20. Audit of multinationals - Marco Rochat and Peter Walton; 21. Accounting differences and financial statement analysis - Bernard Raffournier and Peter Walton.