Multinationals have to convert the financial statements from one currency to another and reconcile the different accounting standards and formats between countries.
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Q2: Geographic proximity, rather than culture, seems to
Q3: The field of international accounting has grown
Q4: By U.S. generally accepted accounting principles (GAAP),
Q5: Most countries use December 31 as the
Q6: In the United States, the Securities and
Q7: In the United Kingdom, the Accounting Standards
Q8: FASB #52 allows companies to record changes
Q9: The new global accounting standards, termed the
Q10: Under the temporal method, monetary accounts such
Q11: IFRS and U.S. GAAP standards can result
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