... harmonization/IASC standards11 Foreign exchange-markets- 22 -12 Foreign exchange-basics, products, terminology, and mechanics13 Accounting for foreign exchange transactions14 Accounting for foreign ... 2), international accounting isdefined as accounting for international transactions, comparisons of accounting principles indifferent countries, and harmonization of diverse accounting standards ... M. Taylor and O. Holzmann, international accounting, which includesboth financial and managerial accounting, is defined as accounting for international transactions,the operations of international...