International Accounting

Author: (USA) Choi F.D.S. (USA) Frost C.A. (USA) Meek J.K. Li Ronglin
Publisher:
Publish Date: 2003-05-01
Features: The direct purpose of writing this book is to cultivate students' sensitivity to international accounting and financial reporting. The world today is dominated by globalized business and investment decisions, and they are about to start their careers in it. Since international business decisions are rooted in financial data, international accounting knowledge is crucial for understanding international business communication correctly. The target readers of this book are undergraduate and graduate business students in universities, and it is also suitable for accountants, financial managers, investment managers, and accounting educators interested in international accounting issues. International accounting content is extensive, including the accounting treatment of cross-border economic transactions, the comparison of accounting standards in different countries, and the harmonization of accounting standards worldwide. International Accounting, co-authored by Frederick D.S. Choi and G.G. Mueller, is one of the authoritative works recognized in the field of international accounting. In 1999, when the second edition of this book was published, it was co-authored by Frederick D.S. Choi, Carol Anne Frost, and Gary K. Meek, as Mueller was serving as a member of the U.S. Financial Accounting Standards Board at the time. The fourth edition of the book includes: the development of international accounting, reporting and disclosure, foreign currency translation, accounting for changes in price levels, international financial statement analysis, management planning and control, financial risk management, international taxation and transfer pricing. After revision, the content of this book reflects new developments in the internet field, adding the role of accounting in the global market and comparisons of U.S. Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), and British Accounting Standards. Some case data has been updated, and Chapters 3, 4, 5, and 8 of the original book have been rewritten to form a completely new chapter, with discussion questions, exercises, and several cases added at the end of the chapter.