International Accounting Standard Assignment on Newzealand Multinationals
Rationale: This research assignment is designed to assess your understanding and how NZ owned multinational corporation practice the international accounting standards 1 and 8 in their financial statements .You are required to investigate and critical analysis whether NZ own multinational companies practice the international standards or not in their financial statements.
QUESTION ONE: Select a NZ owned multinational companies financial statement and critical analyses how international accounting standards 1 and 8 have been applied with appropriate examples.
QUESTION TWO: Use your knowledge of IAS 21 and Identify which translation method has been used by the selected company which you have chosen for your first question. Explain how the above translation method has been processed to prepare the consolidated financial statements.
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