Part 1
Choose a company that you are familiar with that has significant overseas operations. In your post, address the following prompts:
- Explain the unique accounting issues that this company faces as a result of international operations.
- Describe any financial reporting issues that arise because of international operations.
- Are there any unique tax issues as a result of investing overseas?
- Discuss some of the issues that arise in evaluating and maintaining control over foreign operations.
Your post should be 200-to-250 words in length.
Part 2
Chapter 3 describes different phases in the harmonization efforts of the International Accounting Standards Committee (IASC). Identify one of the phases and describe its importance in the overall scheme of international harmonization of accounting standards. Use evidence from the text or external sources to support your position. Your post should be 200 to 250 words in length.
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