26 Jun WHAT ARE THE BENEFITS OF ADOPTING INTERNATIONAL ACCOUNTING STANDARDS FOR (A) INVESTORS, AND (B) BUSINESS ENTERPRISES?
Country Differences in Accounting Standards
Read Closing Case: Adopting International Accounting Standards at the end of chapter 19 and write a 2-3 page paper in APA format with a detailed analysis that answers the following questions:
What are the benefits of adopting international accounting standards for (a) investors, and (b) business enterprises?
What are the potential risks associated with a move toward the adoption of international accounting standards in a nation?
In which nation is the move to adoption of IASB standard likely to cause the revisions in the reported financial performance of business enterprises, the United States or China? Why?
Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment.
Reference:
Hill, W.L. (2011). International Business: Competing in the global marketplace (8th ed.). New York: McGraw-Hill Irwin. ISBN: 978-0-07-813719-8
Grading Rubric
Country Differences in Accounting Standards
7 percent
Content Criteria Weight
The paper answers the question:
a. What are the benefits of adopting international accounting standards for (a) investors,
and (b) business enterprises?
2
The paper answers the question:
b. What are the potential risks associated with a move toward the adoption of
international accounting standards in a nation?
2
The paper answers the questions:
c. In which nation is the move to adoption of IASB standard likely to cause the revisions
in the reported financial performance of business enterprises, the United States or
China? Why?
2
Writing Skills
Sentences are complete, clear and concise. .25
Paragraph and sentence transitions are present, logical and maintain the flow throughout the paper. .25
Research Criteria
The paper includes a minimum of one additional resource. .25
Style Criteria
Must be 2- 3 pages double spaced in length and formatted according to APA style as outlined in
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