Service Sector and Accounting Research

2014年6月 · GRIN Verlag

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Scientific Essay from the year 2011 in the subject Business economics - Accounting and Taxes, grade: 100, Argosy University, course: B7640 Accounting in a Global Financial Community, language: English, abstract: United States Generally Accepted Accounting Principles (U.S. GAAP) is compared to Japanese (GAAP) for unique characteristics in financial reporting. Godwin, Goldberg, & Douthett (1998) mentioned that Non-U.S. companies listed on a primary U.S. exchange may choose to provide their U.S. shareholders with financial statements prepared according to their domestic (non-U.S.) GAAP or with U.S.-GAAP statements. In addition, differences between U.S. GAAP and Japanese GAAP include the impairment of assets, the scope of subsidiaries, and retirement benefits. Currently, Wendy’s uses Non-GAAP accounting practices to supplement understanding of financial data for investors. This consists of Earnings Before Interest Taxes and Amortization (EBITA). There is a need for comparisons and transition in regards to change accounting standards in different countries. Presently, IAS provides uniformity in financial reporting and is being used by numerous countries. Currently, some countries are switching from domestic GAAP to IAS or IFRS. The transition may be easy with the use of software that allows for comparisons and options for convergence to new accounting standards. IFRS track, Microsoft Dynamics GP, and XBRL are computer software that allows for transition and convergence.

作者简介

Dr. Gaberella Green earned her Doctor of Business Administration degree in Management and Accounting. She was first in her class for her field of study with a GPA of 4.0. She holds 36 Graduate credits in Accounting and 18 Graduate credits in Management. Her Dissertation focuses on women studies as Women Who Knocked Holes Through The Glass Ceiling: A Phenomenological Study. Her study offers conclusive findings and is a prime scholarly source. The author has several published works in her areas of study. She is a native of Charleston, SC and a single parent. Her mother was the late Minister and CEO Florence Davis Green who assisted the hungry in the local community. She is currently pursuing Fortune 500 CEOs through the IRB to shed further insight on the Glass Ceiling phenomenon.