Translating foreign financial statements into a convenience language:
A)eliminates all readability problems for a financial analyst.
B)does not always clarify accounting terminology unique to a particular country.
C)is easily and inexpensively done when the convenience language is English.
D)is required for all multinational corporations.

Question

Quizplus · Accepted Answer

Translating foreign financial statements into a convenience language may not always clarify accounting terminology unique to a particular country, which can still cause confusion for financial analysts even after translation. The other answer choices are incorrect because translating financial statements into a convenience language does not eliminate all readability problems, it is not always easily or inexpensively done, and it is not required for all multinational corporations.

Translating Foreign Financial Statements into a Convenience Language