Question:
comparisions
Answers:
Don't they have debits / credits? Surely they have Balance Statements; Profit & Loss statements; Income Statements; Statements of Cash Flows; Bank Reconcilations?
The only difference is what taxes you have and how they are collected; through sales; and how the company is taxed through your tax department of your country.
Accounting is the same world wide. I have worked in Australia, England, Canada, Greece and the US and it is the same in all of these except the taxes.
In all of these countries they use the GAAP (General Acceptable Accounting Practice) rule and regulations. So I am sure that you use the same rules seeing how almost every country in the world uses them.
That is why accountants can find work in any country that they want to work. It is like doctors that are able to move to any country write an exam and practice there profession.
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