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global tech international technology operate in multipe company in france ,germany and UK and each of these subsidiary has differents activities their carry on ,france
global tech international technology operate in multipe company in france ,germany and UK and each of these subsidiary has differents activities their carry on ,france is in charge of the sale of technological product and purchase goods and services from USA in dollors curency but their use Euro ,the germany subsidiary use euro and is in charge of sale of products in Italy and the UK subsidiaries uses pound and is in charge of the research and developement of technological products and make investment in USA subsidiaries in US dollar .the france subsidiary forward contract is in the US dollar toEuro hedge exchange rate risks the UK subsidiary forward contract is on the british pound hedge exchange rate risks.the french standard is the plan comptabe general(PCG) base on GAAP and it allows the use of declining balance depreciation for tangible assets like the Germany subsidiary (HCB) base on GAAP but the UK subsidiary (FRS) base on GAAP prohibits the use of declining balance depreciation .the company objectif is to become global leader in technology and seek to expand into emerging markets but it faces significant challenges from other competitors in tech also and the primary reference currency for commercial transaction of the company is in dollar.. 1- explain the accounting choice of the company 2 - the challenges face by the company and its impact on the company financial statement as the company need to prepare a consolided financial report based on IFRS standards
global tech international technology operate in multipe company in france ,germany and UK and each of these subsidiary has differents activities their carry on ,france is in charge of the sale of technological product and purchase goods and services from USA in dollors curency but their use Euro ,the germany subsidiary use euro and is in charge of sale of products in Italy and the UK subsidiaries uses pound and is in charge of the research and developement of technological products and make investment in USA subsidiaries in US dollar .the france subsidiary forward contract is in the US dollar toEuro hedge exchange rate risks the UK subsidiary forward contract is on the british pound hedge exchange rate risks.the french standard is the plan comptabe general(PCG) base on GAAP and it allows the use of declining balance depreciation for tangible assets like the Germany subsidiary (HCB) base on GAAP but the UK subsidiary (FRS) base on GAAP prohibits the use of declining balance depreciation .the company objectif is to become global leader in technology and seek to expand into emerging markets but it faces significant challenges from other competitors in tech also and the primary reference currency for commercial transaction of the company is in dollar..
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