Accounting

Ms. Asha Dursun is an accountant at the Washington D.C. office of the commercial real estate company Tishman Speyer.  Her company owns Rockefeller Center in New York City.  Ms. Dursun got her CMA (Certified Manager Accountant) from Saskatchewan University in Saskatchewan province in Canada, where she comes from.
During our meeting Ms. Dursun was able to explain what the numbers that I found on Madagascar’s export and import meant to the country’s economy. I noticed that Madagascar and other countries like Mauritius spend more money importing than they gain from exporting. This is what’s called in finance world as a “trade deficit.” When a country’s economy falls under this category, their economy is usually not very strong.
At the end of our meeting, Ms. Dursun’s advice to me was, if I was interested in the international aspect of finance, I should look into the IFRS (International Financial Reporting Standards).  Ms. Dursun told me although each country has their own accounting rules, most countries around the world base those rules on IFRS.  Ms. Dursun did mention, however, that the United States has its own set of accounting rules different of IFRS.