International Financial Statement Analysis

International Financial Statement Analysis - International...

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Choi/Meek, 6/e 1 International Accounting, 6/e Frederick D.S. Choi Gary K. Meek Chapter 9: International Financial Statement Analysis
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Choi/Meek, 6/e 2 Learning Objectives What is a logical approach to analyzing foreign financial statements? Why is it difficult to undertake an international business strategy analysis? What are some steps to examining foreign accounting practices? How do cross-country variations in accounting measurements, disclosure practices, and auditing standards impact one’s analysis of foreign financial statements? How can you cope with differences in national accounting measurement practices? What does international prospective analysis entail and why is it difficult to perform in an international setting? What are some pitfalls to avoid when conducting cross-country ratio analysis?
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Choi/Meek, 6/e 3 What is a Logical Approach to Analyzing Foreign Financial Statements? Undertake a business strategy analysis. Conduct an analysis of a firm’s financial reporting practices. Conduct a financial analysis using ratio and cash flow data. Do a prospective analysis.
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Choi/Meek, 6/e 4 International Business Strategy Analysis Strategy analysis = getting to know a company and its competition in relation to its economic environment. Information gathering includes recourse to Annual reports Company staff, financial analysts, and other financial professionals World Wide Web Trade groups Competitors Reporters Lobbyists Regulators Financial press
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Choi/Meek, 6/e 5 International Business Strategy Analysis (contin) Difficulties in undertaking an IB business strategy analysis Profit drivers and business risks may be country specific. National business and legal environments differ.
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International Financial Statement Analysis - International...

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