These days, companies want their CFOs to make their reporting and analysis as high-quality as

possible. The remainder of the C-suite wants better access to insights uncovered so that they can

make faster business decisions and better evaluate their teams' performance. As CFOs become more

of strategic advisor to the remainder of the C-suite, they're asked to improve the flow of information

and insights to their C-level peers.

Even when financial reporting and analysis can focus on uncovering opportunities for pricing, sales,

and margin improvement, today's CFOs still run into issues. When people without a financial

background get access to data without context, they often misunderstand the implications. The

finance department ends up spending much of its time explaining reports instead of sharing what

their findings actually mean for the company and its future.

Required:

(a) Discuss the internal issues regarding on financial reporting.

(b) Briefly explain globalization issues on financial reporting.

(c) Further explain on extreme market pressure.