Thank you for the opportunity to help you with your question!
The accounting systems of different countries differ because the accounting is dictated by the environment of operation it is in. Accounting system exhibited in different countries have evolved to the current state in response to the local demand of the information on accounting.
Due to the globalization of capital markets, the unavailability of comparability has turned to be problematic as the financing and investments between countries has also increased to a greater margins. In relation to this issue, companies have to put it clear to their investors the reason why their financial position appears to be different as compared with their financial reports that are based on distinct accounting practices.
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Oct 5th, 2015
my dear friend, please feel free to get back to me in case you need any clarification on any issue.
am much grateful for the wonderful opportunity you gave me to answer your question.