b. Do you think managerial decision-making related to the operations of a company is affected by accounting rules? Discuss in the context of valuation of investments at Olympus. c. Discuss the impact of divergence in accounting rules across various jurisdictions (U.S. GAAP, IFRS, Japanese GAAP) on global investing. Is there a need for a single set of high-quality accounting standards, worldwide? (Hint: See Shibata [1996].) Research the FASB Codification on accounting for goodwill. Olympus used Japanese GAAP to compute goodwill. Specifically, the fees paid to advisers and M&A consultants ($660 million) were capitalized as part of the acquisition cost, and would be amortized over a period of 20 years under Japanese GAAP. Would the accounting treatment be similar or different under (a) U.S. GAAP, and (b) IFRS