Accounting Questions

In your submissions use APA guidelines and references where appropriate

1. What are the two common methods used internationally for the order in which assets are listed on the balance sheet? Which of these two methods is most common in North America? In Europe?

2. What are the two major types of legal systems used in the world? How does the type of legal system affect accounting?

3. How does the relationship between financial reporting and taxation affect the manner in which income is measured for financial reporting purposes?