Achieving Comparability in Financial Reporting Is Important to the Analysis

question 14

Essay

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

---

Definitions:

Dreaming

A series of thoughts, images, and sensations occurring in a person's mind during sleep.

Sleepwalking

A sleep disorder causing people to get up and walk around while in a state of sleep.

EEG

Short for electroencephalogram, a test that measures electrical activity in the brain and is used in the diagnosis of neurological conditions.

Delta Waves

Slow brain waves typically associated with the deepest stages of sleep and relaxation.