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In the following article, Christopher Nobes suggests that there are several reasons for the differences in accounting systems throughout the world. Read the article and write a two page report on the following: (1) Identify two reasons for differences in accounting systems around the world, according to Nobes. (2) State your own opinion about what the author is saying. (3) Write a prediction of the future: Think ahead ten years from now. Prepare a classification of accounting systems that you think will exist then. What factors motivate your particular classification?

Nobes, C. (1998, September). Towards a general model of the reasons for international differences in financial reporting. Abacus, 34(2), 162-187. Retrieved from EBSCO MegaFILE database. (1243600)

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