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nignag [31]
2 years ago
14

Critically discuss SIX causes of differences in accounting practices used in different countries.

Business
1 answer:
Liono4ka [1.6K]2 years ago
4 0

Answer:

Six causes of differences in accounting practices used in different countries is explained below with detail explanation.

Explanation:

The following are six problems of the variation in Accounting practice practiced in different nations.

  • Environmental Factors
  • Legal Systems
  • Cultural Difference
  • Taxation
  • Finance providers
  • Inflation

Legal System :

The legal system of a nation performs an essential role in the development of Accounting policies.

Taxation :

In some countries, Accounting and Taxation are dependent on each other. Whereas in other countries they are independent.

Inflation :

Inflation doesn't remain the same for every country. Uniform accounting practice cannot be followed because of this reason.

Cultural Differences/Diversity :

Cultural diversity plays a pivotal role in the Accounting practice of each country. Cultural practices lead to different practices being followed across the globe.

Environmental Factors :

Many countries have started to incorporate environmental Accounting in their financial statements.

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Which of the following intermediaries are included in indirect marketing channels? (check all that apply.)
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Option D: All of the given choices are correct as the intermediaries that are included in the indirect marketing channels are merchandise wholesaler, retailer, and a shipper.

When a business distributes and sells its product through an intermediary, this is known as indirect selling. Different numbers of intermediaries may be used in indirect selling marketing channels. The manufacturer can sell their product to an intermediary who then sells it to a consumer in the most direct distribution route. However, they might occasionally use more than one middleman to distribute a good. Shopping centres and national chains are just a couple of the examples of intermediary channel uses that are included in this marketing channel.

Intermediary marketing channels describe how businesses and intermediaries actually deliver the products, whereas intermediary channels discuss who delivers products to consumers.

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Complete question is:

which of the following intermediaries are included in indirect marketing channels? (check all that apply.)

a. Shipper

b. Merchandise wholesaler

c. Retailer

d. All of the above

7 0
1 year ago
Read 2 more answers
Each year statistics are published giving the number of persons killed in highway accidents in the u.s.a. the total for last yea
kogti [31]
<span> the number of persons killed in highway accidents in the u.s.a. in 2016 was: 40,000The number of this deaths has been increased for about 6% compared to the previous year. This makes 2016 so far became the deadliest year in term of highway accidents</span>
8 0
3 years ago
Leaders who ensure their employees take part in decision making have a(n) ___________ leadership style.
slava [35]

Answer:

D- participate

Explanation:

leaders who have participate leadership skill or style allow their employees take part in decision making making the leader open to many possibilities and ideas.

5 0
3 years ago
A $ 5000 bond with a coupon rate of 6.7​% paid semiannually has eight years to maturity and a yield to maturity of 7.8​%. If int
prohojiy [21]

Answer:

As a result of an increase in the YTM, the price of the bond will fall $4677.19 from to $4593.67

Explanation:

The bonds are valued or priced based on the present value of annuity of interest payments and the present value of the principal. Based on the YTM of 7.8% the bonds are priced at,

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Semiannual YTM = 7.8 *0.5  =  3.9%

Semi annual periods to maturity = 8 * 2  =  16 periods

Old Price = 167.5 * [( 1 - (1 + 0.039)^-16  + 5000 / (1+0.039)^16

Old Price = $4677.19

New semiannual YTM = 8.1% / 2  =  4.05%

New Price = 167.5 * [( 1 - (1+0.0405)^-16) / 0.0405] + 5000 / 1.0405^16

New Price = $4593.67

7 0
3 years ago
The faculty member on my study abroad trip to Costa Rica has traveled there many times and is quite knowledgeable about the coun
Sedbober [7]

Answer:

B. Expert power

Explanation:

Based on the information provided regarding this scenario it can be said that the faculty member was using Expert Power. Expert Power is defined as the use of expert knowledge in order to get a subordinate to follow an instruction or order. Which in this specific scenario, the faculty members unique knowledge and experiences regarding Costa Rica allowed the other faculty members to look to him for guidance when dealing with topics revolving around Costa Rica.

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