Differentiate between generally accepted accounting principles and International Financial Reporting Standards as they apply to the transparency and effectiveness of financial statements
Assess the implications of the United States converging with International Financial Reporting Standards by critically evaluating the impact it will have on financial reporting in a global economy
Analyze the process of international financial statement analysis for its impact on the decision-making process in a multinational organization
Interpret how foreign currency rates impact financial statement creation in accordance with applicable rules and regulations
Examine the implications of variances in international tax laws on organizational strategy under generally accepted accounting principles and International Financial Reporting Standards reporting requirements
For this project , consider this scenario : you have worked very hard and have just earned a promotion at Quality CPA firm . As part of your new responsibilities , you will be advising an influential client on their international aspirations . Their business has been booming and they are seriously considering expanding their operation overseas . They are concerned about the political and financial risks of such an undertaking
You will build a multimedia presentation ( utilizing audio , if possible , with speaker notes to elaborate ) that addresses the upper management of this company . You will choose a country other than the United States . This country will be presented as a potential destination for the company , although other countries can be included , as the global market is the focus . The presentation must explore the company ’ s potential expansion into the