USA Accounting: Read about accounting in the USA and International Accounting Differences

All businesses around the globe need to accurately report their assets, liabilities, and expenditures in order for potential investors, creditors, and other stakeholders to assess their financial health.

These businesses may perform different accounting activities because they have their own set of accounting standards. Other countries use their own accounting principles, which usually accept input from a global body of accounting standards. These are background details on both accounting standards and examples of… read more