International accounting differences

[Jon Lapham]

My naive understanding of accounting was just rocked today.  I 
discovered that different parts of the world have different accounting 
systems.  (All you accountants in the audience can stop laughing at me now).

Wow.

So, what I would like is some more information on this.  Obviously this 
subject is probably too big to discuss in an email message, but if 
anyone has relavent URLs, I would love to read.

A little googlage led me to this link:

http://puma.kvcc.edu/midwest/modules/accounting/acc101fj.htm

...which mentions 3 "major Worldwide Accounting Clusters: 
British-American, Continental, and South American".

(does "continental" mean continental european?)

So, if we were to put a section in the documentation discussing the 
differences between the worldwide accounting practices, would these be 
the 3 systems to use?  Are there more, less?

-Jon

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  Jon Lapham  <lapham at extracta.com.br>          Rio de Janeiro, Brasil
  Work: Extracta Moléculas Naturais SA     http://www.extracta.com.br/
  Web: http://www.jandr.org/
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