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Question 1 - Find the financial reports available on the websites of one domestic company and one foreign company that operate in the same industry.
(a) Document what accounting principles the foreign and domestic companies used to prepare their financial reports.
(b) Document any differences between the formats of the reports or the accounting principles used between your two companies.
(c) Document any differences in the directors' report for each company.
(d) Prepare table which outlines the similarities and differences you have observed
Question 2 - Visit the website of the Australian Securities Exchange. Select a large company that is listed on the securities exchange that also has operations in different countries - an MNE. You may need to refer to the company website or annual report for this information. Access the latest annual report and evaluate the impact of operating across countries on the company's financial reporting requirements.
assume that you are an accountant at xyz company. xyz management has asked you to assist them with an issue. xyz is
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