Accounting Standards
Discuss the cultural value and different code of conduct for international business in detail.
APA format graduate writing paper
Be sure if any direct quote to put in parenthesis in citation and to include page number
Proper APA citations and references 3 or more scholar references
Key Assignment: Part 2
800 words for Part 2
Complete the following:
- Explain the difference between rule-based accounting and principle-based accounting. State the advantages and disadvantages of each approach.
- As accounting or auditing students, state your views on the importance of the awareness of cultural values around the world that impact international ethics and corporate governance.
- Provide the International Federation of Accountants (IFAC) Code provisions. Compare the IFAC Code with the American Institute of Certified Public Accountants (AICPA) Code of Professional Conduct, and state whether there are any differences.
Answer Preview
The rule-based accounting forms the principles that a firm is supposed to comply with when formulating its financial documents. This form of accounting is normally very strict and thorough since it focuses on the formation of complex rules which consider the various circumstances encountered by the accountants when formulating financial records…
(1151 Words)