Case 2.docx - 1 Case 1-2 Wimm-Bill-Dann Foods Prepared by Yuming Fu For professor C.E.Reese In partial fulfillment of the requirements for ACC 508

Case 2.docx - 1 Case 1-2 Wimm-Bill-Dann Foods Prepared by...

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1 Case 1-2 Wimm-Bill-Dann Foods Prepared by Yuming Fu For professor C.E.Reese In partial fulfillment of the requirements for ACC 508 International Accounting School of Business/Graduate Studies St.Thomas University Miami Gardens,Fla Term FL1/Fall,2018 September 4 th 2018
2 Issues 1a. 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

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