1Case 1-2Wimm-Bill-Dann FoodsPrepared byYuming FuFor professor C.E.ReeseIn partial fulfillment of the requirements forACC 508 International AccountingSchool of Business/Graduate StudiesSt.Thomas UniversityMiami Gardens,FlaTerm FL1/Fall,2018September 4th2018
2Issues1a. What challenges is make financial reporting in Global arena?b. What strategies can be used to strengthen financial reporting?c. What is the effect of environmental difference between different country?2.What is the costs and benefits to Wimm-Bill-Dann Foods OJSC of trading on astock exchange in another country?3.What implication would the convergence of accounting standards have on financialreporting by WBD?
4There are several challenges to unify financial reporting in Russia. The first