Question
International accounting class ! My MNC is: The Coca Cola Company Link to The Coca Cola Company's annual report for the fiscal year ended December
International accounting class !
My MNC is: The Coca Cola Company
Link to The Coca Cola Company's annual report for the fiscal year ended December 31, 2020:
https://www.sec.gov/ix?doc=/Archives/edgar/data/21344/000002134421000008/ko-20201231.htm
1.Describe what international accounting standards has THE COCA COLA COMPANY from this list:
#21The Effects of Changes in Foreign Exchange Rates
#27Separate Financial Statements
#28Investments in Associates and Joint Ventures
#29Financial Reporting in Hyperinflationary Economies
#31 Interests in Joint Ventures (superseded by IFRS 11 Joint Arrangements and IFRS 12Disclosures of Interests in Other Entities)
and
IFRS 3Business Combinations
IFRS 8 Operating Segments
2) Then select one of the applicable listed standards (if any of the list applies to the coca cola company) and explain how THE COCA COLA COMPANY (MNC) handles it.
3) What companies might the (MNC) THE COCA COLA COMPANY include in a benchmarking study and in which countries are those companies located.The answer should include, at least, four other companies, one of which is based outside the U.S., for the comparison.
EXAMPLE: of the response, Ford Motor Company.
Ford might want to include the following companies in a benchmarking study:
U.S. - General Motors, Chrysler
Japan - Honda, Toyota, Subaru
Germany - BMW, Volkswagen,Audi
Korea - Hyundai, Kia
France - Renault, Peugeot
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started