In your final project, you will examine a multinational corporation (MNC) that you chose from the List of Multinational Corporations for Final Project document (found in Module One). The final project will build on the concepts that you have learned throughout the course. The project involves exploring the reporting requirements of this MNC, which includes the basis of measurement and reporting. You will have the opportunity to review annual reports and public filings, such as 10-K statements, for your chosen MNC. Within the final project, you will also conduct industry research and discuss international accounting concepts that are presented in the course. Your final project submission will be a report to potential investors who are considering adding an MNC to their portfolio.
For this milestone, write about factors and issues regarding international accounting and your chosen industry and organization.
Note: In this milestone, you will not address Item A in Section I of the final project. You will only address Items B and C, as noted below.
Specifically, you must address the critical elements listed below:
International Accounting: What are the reporting, standards, and responsibilities to consider?
Describe three factors that influence a country’s accounting and reporting system related to your chosen company.
Identify key problems in consolidating MNCs that the investor should be aware of. Specifically, identify these by looking at the footnotes to the financial statements for the MNC you have chosen.
Industry and Organization: What are the accounting issues related to the MNC and industry chosen?
Describe the industry- and organization- specific issues—such as trade, foreign exchange, and taxation—in a foreign country your MNC operates in.
Compare the capital and risk considerations of an investor in your MNC to a solely domestic company.
What to Submit
This milestone must be 3–5 pages in length (plus a cover page and references) and must be written in APA format. Use double spacing, 12-point Times New Roman font, and one-inch margins. Cite at least two professional sources in APA format.
Requirements: 3-5 page