INTERNATIONAL ACCOUNTING

INTERNATIONAL ACCOUNTING is the international aspects oI accounting, including

such matters as accounting principles and reporting practices in diIIerent countries and
their classiIication; patterns oI accounting development; international and regional
harmonization, Ioreign currency translation; Ioreign exchange risk; international
comparisons oI consolidation accounting and inIlation accounting; accounting in
developing countries; accounting in communist countries; perIormance evaluation oI
Ioreign subsidiaries.
sophlsLlcaLlon can llnk wlLh concepLs such as sLaLus prlvllege and superlorlLy
2
amblgulLy havlng more Lhan one meanlng
Generally Accepted Accounting Principles (CAAP) Definition