International Managerial Accounting

Write about the issues with noncomparability of U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) financial statements, and the environmental factors that affect a MNC.

III. Noncomparability of Financial Statements: What are the resultant problems in performing international financial analysis?
A. Identify the issues when comparing a MNC’s financial results to a corporation operating solely in the United States.
B. Describe the kinds of analysis you would recommend for use by the investor.
C. Discuss why harmonization of U.S. GAAP and IFRS would benefit investors.

IV. Environmental Factors: How do environmental factors affect accounting standards and financial statement analysis?
A. In looking at your MNC (NESTLE) and the exchange it trades on, identify the legal system of the country in which NESTLE stock is traded.
Explain the impact the legal system has on investing in this corporation.
B. Discuss how economic a

Sample Solution

ntention of an individual to visit or revisit a destination. It is the goal of the DMO to create image for the destination that appeals to the individual that will allow them to evaluate the destination but will also trigger a positive feeling towards the destination that creates a desire within them to travel there.

Overall the DMO’s aim is to create and manage a destination that will exceed visitor expectations and lead to repeat visits but will also lead to positive word of mouth recommendation being spread by prior visitors to friend and family, in the next section the author will examine how and to what extent word of mouth recommendations impact a holidaymaker when choosing a destination.

2.5 Word of mouth communication

In this section the author will discuss the concept of word of mouth communication in relation to it impacts on an individual’s understanding of particular destinations and how that in turn influences their decision when choosing a holiday destination.

As described by Westbrook (1987) word of mouth is the informal communication of information and personal experiences which informs individuals and consumers about a product or services attributes and qualities. This form of communication takes place in a face to face setting (King et al., 2014) and is usually the sharing of past customer experiences or in this case the tourists experiences to other such individ

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