Obviously, the field of international accounting is much more expansive than the very brief introduction given to it in my last several articles.
Certainly in this era of multinational corporations it is an excellent idea to have at least a rudimentary understanding of the topic regardless of your area of accounting expertise.
The following links will provide more detailed information on the international accounting topics I discussed in my prior articles and provide much more information should you be interested in pursuing this as a career.
Most of the links are contemporaneous; others give necessary background leading up to today's events.
International Accounting Standards Board (IASB) - created in 2001 as an offshoot of the International Accounting Standards Committee to create and enforce global accounting standards.
Financial Accounting Standards Board (FASB) - find out about FASB's plans in the area of furthering convergence of US GAAP (generally accepted accounting principles) with International Financial Reporting Standards (IFRC).
Emory Business School - Emory's International Accounting resource page with guides to country-specific accounting standards.
Security and Exchange Commission (SEC) Forex info page - a broad overview of managing risk with foreign currency transactions.
CPA Journal - a 1992 interview with International Accounting Standards Committee Chairman Arthur R Wyatt that hi-lights how little progress has been made towards replacing US GAAP with international standards. Present day it is still widely thought that this will never happen.
On Wings of Eagles
EDS was the USA company contracted by the government of Iran to update their Social Security software. The actions taken by EDS to legally get their employees out of Iranian jails and back to Dallas led to Ross Perot's bid, albeit unsuccesful, for the U.S. presidency. Love him or hate him this book also provides a fascinating look at an extremely successful and honorable businessman.
Go back to Page 1 of this series of articles.
