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Most US managers, possibly without knowing it, have some contact with International Accounting. Their own companies may use international accounting or have transactions with businesses using it. Over 100 countries have adopted International Accounting and this number is increasing.
Foreign companies can list on the New York Stock Exchange using International Accounting instead of US GAAP. Finally, some of the concepts in International Accounting will find their way into the Management Accounting system used in your organization.
This book sets out to explain in a non-technical way, why international accounting has spread globally, how it has influenced US accounting, the problems to be resolved, and the possible strategies the US can adopt. At this stage the US has not formally adopted International Accounting but it is here to stay. Its global acceptance has already impacted on the work US managers do and will increasingly do so.