Write an essay on International Accounting and in the body of your essay, explain the following areas,

1. Explain the Impact of differences in accounting standards/rules

2. Explain how accounting practices allow "Enron" to do

3. Explain Influences on the Financial Accounting environment including regulation- History, culture, values, economic development, economic systems, and politics

4. Explain international accounting on Multi-National Corporations, in Transnational Financial Reporting as well as the Problems

5. Explain the finances for foreign users

6. Of the five approaches to transnational financial reporting, list and explain some of the advantages and disadvantages of each approach

7. Does it really make sense that organizations in diverse countries will all adopt the same accounting standards in an apparent acceptance of a one-size-fits-all approach to financial reporting? Explain