Discussion Topic 1:
Compare the accounting systems used in various countries
Go to the website of one of the major stock exchanges - some are the New York exchange (www.nyse.com); NASDAQ (www.nasdaq.com); or the London Stock Exchange (www.londonstockexchange.com) - and choose two companies from two different countries listed on the stock exchanges that are not US companies. Find the annual reports of the companies and compare the accounting systems and accounting principles used in preparing the annual reports.
Discussion Topic 2: Need for change
As indicated in this unit's reading, developing countries such as Russia are restructuring their economies to represent a more free-market approach. It will take time for this transformation and restructuring to take place. As the restructuring continues, how will the accounting system change? Or will the country's traditional system be adequate?
As you discuss the above subjects with your classmates, think about what you have learned from the various activities in this unit. Answer the discussion by clicking on the Respond link located in the Discussion area in the left navigation pane. Be sure to respond to both Discussion topics. Take the time to read and comment on the responses of others.