Question
ts a rainy Saturday afternoon in Melbourne and you are attending a meeting of Chief Financial Officers (CFOs) of Australian companies with large international operations.
ts a rainy Saturday afternoon in Melbourne and you are attending a meeting of Chief Financial Officers (CFOs) of Australian companies with large international operations. The issue of diversity in international accounting practice is being hotly debated. Kevin ODill, CFO of CBPL Mining Group with operations in Australia, South America, Eastern Europe, and the United States said This diversity in accounting practice across the different countries we operate in is making me crazy. We should just have one approach across the world. Required Formulate a response to Kevin ODill that, with reference to an example from a country, explains how each of the following factors can cause diversity in accounting practice: (10 marks) the taxation system sources of finance the legal system culture Use the following table format to provide your answers: Factor Explanation Example (including name of country) a. b. c. d. For the toolbar,
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