個案資料

Measurements tend to be consistent and translatable across countries, cultures, and languages. If an object's length is measured in feet in the United States, the measurement will need to be converted to meters for those in the United Kingdom to understand. The physical length stays exactly the same; the description of it is what differs. Time, temperature, weight, and distance are all other measurements that are consistent no matter the place and that simply have to be translated. However, value is a measurement that can vary widely within a single country and between countries. Costs and selling prices fluctuate for a number of reasons, which can result in problems when measuring in the same currency, and it's difficult to create an international standard for how to calculate cost. This text examines financial transactions where accounting rules have tried to solve this inconsistency problem and outlines global differences generally and on a country-specific level. Chapter 3 focuses on the United States, first discussing the accounting standard setting process of the country and the roles of the Securities and Exchange Commission (SEC) and the Financial Accounting Standards Board (FASB). There have been several attempts to converge Untied States standards with the International Accounting Standards (IASs); a discussion of various stages of the relationship between the United States and the International Accounting Standards Board (IASB) is offered. The current practices of the United States and how they differ from the international approach are described, and the role of Generally Accepted Accounting Practices (GAAP) in the financial world is explored.

• Accounting standards
• Financial statements
• Accounting
• Accounting methods
• Accounting procedures and policies
• International finance