In any financial market, investors and other stakeholders will want to assess the financial position of the company before making decisions concerning that company. In recent years there has been an increased level of convergence in terms of international accounting. Despite this, there are differences in the way accounts prepared dependent upon the country which they take place. For example looking at two companies in the same manufacturing industry; Dell and Hartcourt Companies, Inc. the accounts are prepared under different regimes. Dell is a US computer distributer and hardware manufacturing company and the accounts are prepared according to the Generally Accepted Accounting Principles (GAAP). By comparison, Hartcourt Companies, Inc. is a Chinese distributor of computer hardware based in Shanghai and its accounts are prepared according to the accounting practices of the PRC (People’s Republic of China) GAAP. The International Accounting Standards Committee (IASC) that came......

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Title: Comparison Of Gaap And Prc Gaap
Approximate Word Count: 863
Approximate Pages: 4 (250 words per double-spaced page)

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