|International Accounting is the international aspects of accounting that includes accounting principles and reporting practices in different countries and their classification, Patterns of accounting development, International and regional harmonization, Foreign currency translation, Foreign exchange risk, International comparisons of consolidation accounting and inflation accounting, Accounting in developing countries, Accounting in communist countries, Performance evaluation of foreign subsidiaries.
Innovations are new idea, device or process. Innovations are the application of better solutions that meet new requirements, inarticulated needs or existing market needs. It is proficient through more effective products, processes, services, technologies, or new ideas that are readily available to markets, governments and society. Innovations are something original and novel, as a significant, new that breaks into the market or society.