Any business engaged in international trade will also become involved in international accounting. In the United States, all international accounting activities must meet the guidelines set by the Financial Accounting Standards Board Statement No. 52 (FASB-52). FASB-S2 includes guidelines for virtually every international accounting procedure imaginable. This training manual, however, includes only the FASB-S2 guidelines that you will need to know to perform your duties at Karissa Jean's.