« previous next »

Author Question: How do accounting systems evolve in common law countries? What will be an ideal ... (Read 103 times)

burton19126

  • Hero Member
  • *****
  • Posts: 532
on: Jul 7, 2018
How do accounting systems evolve in common law countries?
 
  What will be an ideal response?

Question 2

What is the first step in the normative model of decision making?
 
  A) identifying alternatives
  B) problem recognition
  C) evaluating alternatives
  D) implementation
International Business: A Managerial Perspective ¦ Griffin, Pustay ¦ 9th Edition
Buy Test-Bank


meow1234

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jul 7, 2018
Answer to Question 1

In common law countries like the United Kingdom and the United States, accounting procedures evolve via the decisions of independent standards-setting boards like the Financial Accounting Standards Board in the United States. Each board works together with professional accounting groups.

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

The pH scale and the relative acidities of common substances The pH scale and the relative acidities of common substances
Cell division in common life cycles Cell division in common life cycles
Bay (left) and chestnut (sometimes called "sorrel") are two of the most common coat colors Bay (left) and chestnut (sometimes called "sorrel") are two of the most common coat colors
Three Tissue Systems Extend Throughout the Plant Body Three Tissue Systems Extend Throughout the Plant Body
Common Cultural Themes: Marriage in Traditional and Industrialized Societies Common Cultural Themes: Marriage in Traditional and Industrialized Societies
question in cost accounting question in cost accounting
Video: Central Nervous System Animation

For a complete list of videos, visit our video library