AC 558 Unit 1 Assignment Exercises NEW

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Kalpan University AC 558 Unit 1
Assignment Exercises NEW Check this A tutorial
guideline at http//www.assignmentcloud.com/ac- 55
8-kaplan-university/ac-558-unit-1- assignment-exer
cises-new For more classes visit
http//www.assignmentcloud.com. In Chapter 7, you
will learn more about the IASB. To familiarize
yourself with this organization, do the
following Go to the IASB's website at
www.iasb.org, find the purpose of the IASB, and
summarize it in one paragraph. Consider the
economic, political, and cultural realities the
world is facing today. Based on these
considerations, do you think the IASB will
accomplish its mission? What are the major
threats this organization faces? Consider the
following statement
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"Globalization refers to the deepening
relationships and broadening interdependence
among people from different countries. ... The
growth of globalization creates both
opportunities and threats for individuals,
companies, and countries." What are some of the
opportunities created by globalization? What are
some of the threats posed by globalization? Becaus
e of the accounting scandals of the early
twenty-first century, new laws like
Sarbanes-Oxley have been enacted. What societal
and accounting values do the laws attempt to
change? How have the social values, accounting
values, and accounting system traits in the
United States been impacted by recent
globalization? What is a good measure of a
country's accounting system inertia (the amount
that a country's accounting system affects more
than is affected by globalization of accounting
systems and standards)?
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