Compare and contrast basic U.S. and international financial accounting standards. Explain how key international factors affect business reporting.

Unit 4 Accounting Project – International versus U.S. Accounting Standards
For this assignment, research and compare international and U.S. accounting standards. This will enable you to see how the different reporting methods affect business and how product costs are affected by international business.

The learning objectives of this report are as follows:

Compare and contrast basic U.S. and international financial accounting standards.
Explain how key international factors affect business reporting.
Identify key compliance and regulatory requirements.

Using the Unit IV Research Report Template, prepare a four- to five-page written report with at least three scholarly sources covering the items listed below.