International Business, 2nd Edition by Pearson

17

INTERNATIONAL FINANCE

AND ACCOUNTING

LEARNING OBJECTIVES

After going through this chapter, you should be able to:

■ Explain why accounting practices and standards differ from country to country

■ Describe attempts to harmonize accounting practices in different countries

■ Explain the rationale behind consolidated accounts

■ Describe the differences in the fi nancial structures required because of the culture and tax

regimes of different countries

■ Explain the techniques available for international accounting management

TAX HAVENS

Almost 42 per cent of Indian FDI is routed through Mauritius. India has a Double Taxation Avoidance

Treaty (DTAT) with ...