As noted previously, your portfolio should encompass other economies and markets, numerous global industries, and many foreign firms in these global industries. You should recognize, however, that non-U.S. financial statements will differ widely from those in this chapter and be different from what you will see in a typical accounting course because accounting conventions differ substantially among countries. While it is beyond the scope of this book to discuss alternative accounting conventions in detail, we encourage the reader to examine the references at the end of the chapter on international accounting topics.
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