The management accounting function within an organization plays an important role in strategy formulation and implementation through the activities of capital budgeting, operational budgeting, and performance evaluation. Carrying out these activities for foreign investments and foreign operations requires the consideration of issues such as foreign currency fluctuations and differences in the business environment and culture that exist across countriesissues that are not relevant to domestic operations.

Requirements:

Select a foreign country and share it with the class by Wednesday night.

Post the initial discussion for the following items below:

A. Provide at least six arguments that support a parent companys use of its domestic control systems for its foreign operations, and

B. six arguments against this practice.