Ch. 19 Accounting in the International Business
Order by
5 terms
Terms | Definitions |
|---|---|
 historic cost principle | Accounting principle founded on the assumption that the currency unit used to report financial results is not losing its value due to inflation |
| uncertainty avoidance | Extent to which cultures socialize members to accept ambiguous situations and to tolerate uncertainty |
| accounting standards | Rules for preparing financial statements |
| auditing standards | Rules for performing an audit |
| internal forward rate | A company-generated forecast of future spot rates |
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