Achieving Comparability in Financial Reporting Is Important to the Analysis

question 20

Essay

Achieving comparability in financial reporting is important to the analysis of multinational firm.However,the data from the reconciliation of foreign firms financial statement to U.S.GAAP must be carefully interpreted.What types of things complicate the analysis of multinational firms?

---

Definitions:

Late 1950s

Refers to the period towards the end of the decade of the 1950s, a time characterized by significant cultural, political, and technological changes.

Canada

A country located in the northern part of North America, consisting of ten provinces and three territories, extending from the Atlantic to the Pacific Ocean.

Nuclear Family

A family group consisting of parents (usually a mother and father) and their children, living together as a single unit.

Post-World War II

The period following the end of World War II in 1945, marked by significant geopolitical, social, and economic changes worldwide.