Here we are going to cover the detailed discussion of accounting for foreign subsidiaries and operations of multinational firms. The main issue is how to convert the income and amounts of a foreign subsidiary into the parent’s consolidated financial statements. For this case we have to consider two methods of accounting for foreign operations that […]Continue Reading... No Comments.
Financial Reporting refers to the process through which companies show their financial performance and other details to all the stake holders of the company including the investors, creditors and other parties by preparing proper financial statements. Financial statement should contain all the information to help to take the decision to invest in the particular company […]Continue Reading... No Comments.