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SHAHRoKH M. SAUDAGARAN, International Accounting-A User Perspective (Cincinnati, OH: South-Western College Publishing, 2001, pp. iii, 228).
The first edition of International Accounting deals primarily with the financial accounting and reporting issues that investors and managers making international business decisions face. By focusing on what users-- rather than preparers-of international financial reports need to know, the book's audience is wider than just accounting students. The book first analyzes why companies operating in different countries provide different financial accounting information and explains some complications of using international financial reports. The author evaluates attempts to harmonize reporting standards and familiarizes the reader with the many organizations involved in standard setting. The book examines some key topics, such as foreign currency exchange rate changes and international financial reporting disclosures, in addition to discussing factors that influence the development of international accounting.
The text's explanation of how to use cross-border financial information exemplifies how it...