ACC/497 Advanced Topics in Accounting Research Week 2 DQ

What are at least three International Accounting Standards (IASs)?  Are these standards the same as US Standards? Why or why not? Is it necessary to have global standards? Why or why not?

There are five approaches to transnational financial reporting. List some of the advantages and disadvantages of each approach. Which approach do you favor? Why?

What are some non-financial performance measures? What do they tell us about the performance of an organization? Why is it important for managers to include non-financial performance standards in their analysis of their operations?

What are some business decisions that managers could make? What tools will they use to make recommendations regarding these business decisions? Why? How will they measure the success of their recommendations?