DO INTERNATIONALLY BASED COMPANIES FOLLOW THE GAAP OR THE IFRS IN FOREIGN COUNTIRES?

So Starbucks is in the US as well as alternative countires. In the US it is viewable which starbucks substantially follows the GAAP in the US, though the starbucks stores in contend China follow the GAAP or IFRS?

{ 1 comment… read it below or add one }

zeuz April 16, 2010 at 12:48 pm

The world is moving towards IFRS. It’s a safe bet that multinational corporations are filing consolidated statements using IFRS. However, I have seen several companies use Canadian GAAP for Canadian operations, UK GAAP for the United Kingdom, Hong Kong GAAP for Hong Kong, etc.

Leave a Comment

Previous post:

Next post:

http://www.maxprofitsinvest.com