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Accounting Reporting Criteria of foreign company

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Accounting Reporting Criteria

Accounting reporting criteria (regulatory environment, issues with foreign currency, differences in GAAP, etc) of foreign company.

Properly cite your references. If you used an electronic source, include the URL. If you used a printed source please attach a copy of the data to your paper.

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Solution Summary

The reporting requirements of a company in foreign country differ a lot when compared to the company which prepares its financial statements under US GAAP. Some of the key provisions which are applicable to a foreign company are summarized below :
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The reporting requirements of a company in foreign country differ a lot when compared to the company which prepares its financial statements under US GAAP. Some of the key provisions which are applicable to a foreign company are summarized below :
 Regulatory Environment: Foreign companies have local regulators such as FSA in United Kingdom. The reporting requirements change a lot depending on the regulator. In case of a foreign company ...

Solution provided by:
Sonia Agarwal, CA
Education
  • Chartered Accountant (Equivalent to CPA in US), Institute of Charted Accountants of India
  • Bachelor of Commerce, West Bengal University
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