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Re: grassmansc post# 150065

Wednesday, 11/08/2006 10:34:21 AM

Wednesday, November 08, 2006 10:34:21 AM

Post# of 311067
There's two standards of accounting used in the world right now. They will have to use the US standard to file in the US but they also want to be ready to file on the Dubai exchange which is a different accounting standard. I haven't looked into this closely but my understanding is that one of the major differences between the two is the depreciation of equipment and buildings. Obviously this difference could have a major impact on the bottom line and what you report as EPS. The worldwide accounting bigwigs have been working on standardising all accounting methods. Maybe in another year everything will be worked out.