Translate in a convenience translation

Assignment Help Financial Accounting

Reference no: EM13753314

A foreign company prepares its financial statements in a foreign language and does not provide any convenience translation. Required How might this affect an analyst’s decision to invest in this company? What are different features of financial statements that a foreign company might translate in a convenience translation? As an investment advisor, explain to your clients why they should be careful when comparing financial ratios across companies in different countries.

Reference no: EM13753314

Questions Cloud

Recognizes revenue upon contract completion : A construction company entered into a fixed-price contract to build an office building for $18 million. Construction costs incurred during the first year were $6 million and estimated costs to complete at the end of the year were $9 million. The buil..

Actual manucatoring overhead costs incurred in a process : What would be included in the entry to record actual Manucatoring overhead costs incurred in a process department?

Calculate taxable income and net income : Bateman Light began operations in 20X1. The company sometimes sells used warehouses on an instalment basis. In those cases, Bateman Light reports income in its income statement in the year of the sale, In its income tax return, though Bateman Light r..

Job costing system can be used by which types of companies : A job costing system can be used by which types of companies?

Translate in a convenience translation : A foreign company prepares its financial statements in a foreign language and does not provide any convenience translation. Required How might this affect an analyst’s decision to invest in this company? What are different features of financial state..

Make contingent liability and how to do tax savings : When looking at an income tax disclosure on a 10k; what would it mean when you say "Make contingent liability" and "How to do tax savings"?

A not-for-profit organization receives a restricted gift : A not-for-profit organization receives a restricted gift. When and in which type of fund should it recognize the revenue? When and in which type of fund should it recognize the related expense? What is the reason for the apparent inconsistencies betw..

Financial performance : "Financial Performance" Identify at least (3) ratios that could be manipulated to mislead investors and creditors regarding the company’s financial condition. Examine the motivation of management to manipulate the ratios identified.

Cost of raw materials purchased to determine : West Shoe Company makes loafers. During the most recent yeat, West incurred total manufacturing cost of $19,400,000. Of this amount, $2,100,000 was direct materials used and $12,800,000 was direct labor. Beginning balances for the year were Raw Mater..

User Account

All Pages