By reference to any of the countries in Figure 5.2 or 5.3 with which you are familiar, comment on the apparent validity of the groupings. Make notes of points for and against the particular positions of the countries concerned. Be ready to update these notes as you read later chapters.

Fig 5.2

Fig 5.3

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CLASSES Micro-fair-judgemental Commercially driven ACCOUNTING MEASUREMENT SYSTEMS SUB-CLASSES Business economics Social consensus Extremely judgemental Business practice Private-sector rules British origin FAMILIES UK Influence Professional regulation Macro-uniform Government-driven Tax dominated US Influence SEC enforcement Code-based International influences Plan-based == Statute-based Economic control Netherlands Australia NZ UK Ireland Canada US Italy France Belgium Spain Germany Japan Sweden