Consider this scenario: you have worked very hard and have just earned a promotion at Quality CPA firm
Consider this scenario: you have worked very hard and have just earned a promotion at Quality CPA firm. As part of your new responsibilities, you will be advising an influential client on their international aspirations. Their business has been booming and they are seriously considering expanding their operation overseas. They are concerned about the political and financial risks of such an undertaking.
Build a PowerPoint presentation, with speaker notes to elaborate, that addresses the upper management of this company. Canada is the potential destination for the company, although other countries can be included, as the global market is the focus. The presentation must explore the company's potential expansion into the chosen country, the global market in general, and how the expansion will impact their operations.
Specifically, the following critical elements must be addressed:
1. Global Business: (10-15 slides) for this part of the assessment, convey to your audience the differences between accounting principles around the world.
A. Explain the influence of environmental issues of diversity on accounting practices.
B. Evaluate the impact of Canada's culture on their financial accounting standards.
1. Use the accounting principle, Hofstede's dimension of culture, to help inform your response.