International Accounting

International accounting refers to the accounting practices and standards used by companies around the world to prepare financial statements. Since businesses operate globally, they need to follow common rules, like the International Financial Reporting Standards (IFRS), which ensure transparency and comparability. This helps investors, regulators, and customers understand a company's financial position regardless of where it operates. In essence, international accounting bridges cultural and regulatory differences, enabling clearer communication in the global marketplace and fostering trust among stakeholders.