Question
from a process of aggregation of underlying transactions that have been carried out in a number of countries and denominated in various currencies; or transnational
from a process of aggregation of underlying transactions that have been carried out in a number of countries and denominated in various currencies; or transnational comparison between companies that are based in different countries but do not necessarily have multinational activities; or, by contrast, the geographical spread not of companies but of the users of corporate reports, where the analysis is carried out by residents of different countries. Whilst each of these distinctive international dimensions of financial statement analysis is important, the basic process of financial communication remains the same. (Nobes and Parker, 2012, p525)
Required:
a. Appraise and explain the several ways in which MNEs attempt to provide additional information for foreign readers of their financial reports.
(8 marks)
b. Discuss the impact of different social and financial systems on accounting.
(8 marks)
c . Analyse and discuss the main issues that need to be considered in designing and implementing a successful performance evaluation system for a foreign subsidiary?
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