William Thomas Stevens on: Doing business in the Eastern Bloc: conceptual differences in accounting principles - the language of business.

From: Review of Business | Date: June 22, 1991| Author: | Copyright information

WILLIAM THOMAS STEVENS ON: Doing Business in the Eastern Bloc: Conceptual Differences in Accounting Principles - The Language of Business

Each nation tends to have its own approach to economic operations and to the accounting language used to describe them and investors need to be aware of the nuances of differences. But there are some general accounting principles, more or less applicable to centrally-planned economies, and others broadly used in market-based economies. Any multinational or joint venture operating or seeking to operate in Eastern Europe cannot expect to make a ...

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