Select one of the 5 foreign countries that we have studied this term: China, Germany, Japan, Mexico, or the United Kingdom, and provide a country profile that discusses the topics described below 

Prepare an analysis of the country of your choice to discuss the following 

The accounting profession in the selected country 

The process of establishing accounting standards in that country

Two financial reporting standards that differ from U.S. GAAP Unique national characteristics of the country that influence accounting 

For the two financial reporting standards identified in your document, use Excel to create an applicable support calendar that provides an example of the adjustments that would need to be made to the financial statements of your foreign company to be compliant with U.S. GAAP.

Answer rating: 100% (QA)

Abstract China joined the International Accounting Standards Board IASB and adopted the China Accounting Standard CAS at year 2006 to keep pace with the International Accounting Standard IAS This is a ... View the full answer