Causes of international differences – some major differences in financial reporting
international harmonization of accounting – therequirements of international accounting standards
Financial reporting in USA, UK, Australia and France
Financial reporting in Germany, Netherlands, Japan and Third world countries with special emphasis on legalissues, accounting standards and consolidation of accounts
Consolidation – foreign currency translation – segmental reporting –foreign exchange risk management
Standardization and Harmonization – role of international accountingbodies (IASC) in harmonization
Objectives of transfer pricing – selecting a transfer price – internal revenuecode and transfer pricing
Incidence and implications of window dressing (cases)