Use the globalEDGE™ site to complete the following exercises:
1. The globalEDGE site offers a Country Comparison tool
through its Country Insights section that allows for
comparing countries based on statistical indicators.
Utilize this tool to identify in which of the following
countries the accounting historic cost principle cannot
provide accurate results: Argentina, Bulgaria,
Ecuador, Indonesia, Latvia, Malaysia, Mexico, Romania,
Russia, and Senegal. Utilize the “rank countries”
tool to identify other countries in which the historic
cost principle would not provide valid results.
2. Deloitte Touche Tohmatsu hosts an International
Accounting Standards (IAS) Web page that provides
information and guidelines regarding accounting
guidelines approved by IASC. Locate the Web site, go
to the section on standards, and prepare a short
description of the international accounting standards
for recording inventory levels.
To learn more about the book this website supports, please visit its Information Center.