In a global world, business combinations can be domestic or international:Explain.

In a global world, business combinations can be domestic or international. If a business combination is international, a U.S. parent company’s foreign subsidiaries can still conduct business activities in their local currencies. However, consolidated financial statements must be in U.S. dollars. In other words, the currencies of the non-U.S. subsidiaries financial statements must be translated to U.S. dollars. Read Appendix 5A in your text (p.311) and note the current rate and temporal methods of foreign currency translation. Select one of these methods and list its strengths and weaknesses. Be sure to mention which rate you choose in the subject line.

Chapters 4 & 5 in Financial Statement Analysis

Harris, P., & Harris, A. (2017). The positive outlook of the last in first out inventory methods. Journal of Business & Economic Research, 15(1), 1-4.

Rashty, J. (2018). The new guidance for goodwill impairment. CPA Journal, 88(9), 48-51.

Levy, H. (2016). Depreciable asset lives. CPA Journal, 86(9), 6-9. (To view this reading, please open the link provided and download the “PDF full text.”)

Financial Accounting Standards Board. (2006). Statement of financial accounting standards No. 157: Fair value measurements. Retrieved from https://www.fasb.org/summary/stsum157.shtml

Financial Accounting Standards Board. (2007). Statement of financial accounting standards No. 159: The fair value options of financial assets and financial liabilities including an amendment of FASB statement No. 115. Retrieved from http://www.fasb.org/cs/BlobServer?blobcol=urldata&blobtable=MungoBlobs&blobkey=id&blobwhere=1175820919488&blobheader=application%2Fpdf

Subramanyam, K. R. (2014). Financial statement analysis (11th ed.). New York, NY: McGraw Hill. ISBN13: 9780078110962