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Accounting reporting criteria

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The historical cost vs fair market value relating to national and international companies. There are four components.
1. Defining historical cost
2. Defining fair market value
3. historical cost vs. fairmarket value ( based on accounting reporting criteria)
4. comparing and contrasting accounting reporting criteria of a company with a foreign company

NEED HELP ONLY ON #3 AND 4 SEE ATTACHMENTS 250 words

topic was "Historical Cost versus Fair Market Value" reporting as it relates to national and international companies

In relation to international and national companies, the issue the team is addressing is what FASB ( and GAAP) states (for national companies) and what IASB states for those companies. What are the similarities between the two bodies, and where do they significantly differ?
only 250 words please HELP

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the historical cost vs fair market value relating to national and international companies. There are four components.
1. Defining historical cost
2. Defining fair market value
3. historical cost vs. fairmarket value ( based on accounting reporting criteria)
4. comparing and contrasting accounting reporting criteria of a company with a foreign company

NEED HELP ONLY ON #3 AND 4 SEE ATTACHMENTS 250 words

topic was "Historical Cost versus Fair Market Value" reporting as it relates to national and international companies

In relation to international and national companies, the issue the team is addressing is what FASB ( and GAAP) states (for national companies) and what IASB states for those companies. What are the similarities between the two bodies, and where do they significantly differ?
only 250 words please HELP.

The present FASB's actions show that there is a move from historical cost to fair-value accounting statements. FASB's contention is ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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