(a) Outline in your own words the key, PRE-IFRS, developmental factors that can differ across countries (e. different sources of finance and…

•Q1: (a) Outline in your own words the key, PRE-IFRS, developmental factors that can differ across countries (e.g. different sources of finance and different legal systems). In your answer, summarise the differences and any similarities between the PRE-IFRS development factors of Japan and the United States.

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• (b) Explain in your own words the key findings of Hofstede’s research. In your answer provide a short summary of the data/sample used by Hofstede in his research.