Please help i need a complete answer for this question.

This question from the International Accounting book Chapter 3. Page 80

Q5. Analyze the five national accounting practice systems summarized in this chapter.

Required:

a. For each of the five countries discussed in this chapter(France, Germany, Czech Republic, The Netherlands, United Kingdom), select the most important financial accounting practice or principle at variance with international norms.

b. For each selection you make, state briefly your reasons for its inclusion on your list.

c. How does this variance affect reported earnings and the debt to asset ratio?

d. How likely is it that an analyst could adjust for this variance to achieve an apples to apples comparison with companies from other countries?

Summary of Significant Accounting Practices EXHIBIT 3-6 Czech Germany Republic The United France Netherlands Kingdom 1. Business combinations: Purchase Purchase Purchase Purchase Purchase purchase or pooling 2. Goodwill Capitalize and Capitalize and Capitalize and Capitalize and Capitalize impairments test amortize amortize amortize and amor and amortized 3. Associates Equity method Equity method Equity method Equity method Equity method Equity method 4, Asset valuation Historical cost Historical cost Historical cost Historical cost Historical cost Historical cost & fair value & fair value & fair value Tax based 5. Depreciation charges Economic based Tax based Economic based Economic based Economic based LIFO inventory Not permitted Not permitted Permitted Not permitted Permitted Not permitted valuation Probable losses 7. Accrued Accrued Accrued Accrued 8, Finance leases Capitalized Not capitalized Not capitalized Not capitalized Capitalized Capitalized 9. Deferred taxes Accrued Not accrued Not accrued Accrued Accrued 10. Reserves for income No smoothing "Pooling also allound in namora circumstanars, but not andely used. May also be written of reserves. May also be written dy to shareholders equity ar to income. Nomarmorfization itted if subject to aunual impairmenf rennene. Summary of Significant Accounting Practices EXHIBIT 3-6 Czech Germany Republic The United France Netherlands Kingdom 1. Business combinations: Purchase Purchase Purchase Purchase Purchase purchase or pooling 2. Goodwill Capitalize and Capitalize and Capitalize and Capitalize and Capitalize impairments test amortize amortize amortize and amor and amortized 3. Associates Equity method Equity method Equity method Equity method Equity method Equity method 4, Asset valuation Historical cost Historical cost Historical cost Historical cost Historical cost Historical cost & fair value & fair value & fair value Tax based 5. Depreciation charges Economic based Tax based Economic based Economic based Economic based LIFO inventory Not permitted Not permitted Permitted Not permitted Permitted Not permitted valuation Probable losses 7. Accrued Accrued Accrued Accrued 8, Finance leases Capitalized Not capitalized Not capitalized Not capitalized Capitalized Capitalized 9. Deferred taxes Accrued Not accrued Not accrued Accrued Accrued 10. Reserves for income No smoothing "Pooling also allound in namora circumstanars, but not andely used. May also be written of reserves. May also be written dy to shareholders equity ar to income. Nomarmorfization itted if subject to aunual impairmenf rennene