. MNC REPORT (10 percent)Companyselected isWhole Foods MarketAt the beginning of the course, you...

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. MNC REPORT (10 percent)Companyselected isWhole Foods MarketAt the beginning of the course, you will select a multinational company and present the name of the company to your professor for approval.Your approved multinational company will serve as an example for discussion throughout the semester and you will be required to do research on your company in order to answer many of the homework questions.At the end of the semester you are required to write a 3-5 page report summarizing the concepts of IFRS and international accounting issues as they relate to your selected MNC. IT IS NOT A 10K SEC PROJECT REPORT. This report should be written in your own words and double spaced. What you are being asked to do is to capture the experience of the research that you did on your selected MNC. DO NOT quote from sources; just write what you learned about your MNC. I do not expect APA style re format or references. It’s just an essay. Also, make sure that you include in your summary whether or not you enjoyed the research and anything extra you may have learned about your MNC as a result of the research.This report is to be posted in your assignment folder.

Robert · Accepted Answer

Whole foods market 
Introduction 
I enjoyed the research that had been done in regard to the concept of the international financial 
reporting standards as the international financial reporting standards have become a universal 
language in regard to accounting aspects all over the world. Whole foods market is in the need of 
the international financial reporting standards as it is having various international transactions in 
different countries. It is having different accounting issues which need to be accordingly resolved 
with the help of the standards and guidance issued by the international financial reporting 
standards. The international financial reporting standards help in improving the quality of the 
financial reporting as it provides consistent accounting policies and practices which will ensure 
that the principles are having consistency all over the world and will ensure the reliability of the 
financial statements issued by the company.  
Discussion  
Whole foods market Inc. is the supermarket chain based in America. It is providing that do not 
contain any kind of preservatives, sugar, sweeteners and the added flavors. It was founded on 
September 20, 1980 in Austin, Texas. International financial reporting standards are very 
beneficial for the whole foods market as it will help in improving the transparency and 
comparability of the financial statements. The implementation of the international reporting 
financial standards will help in reducing the cost of preparation of the financial statements. 
Whole foods market is a supermarket and is having various accounting issues in relation to 
inventories, goodwill, intangible assets, leases, income taxes, insurance and the share based 
payments.

. MNC REPORT (10 percent) Companyselected isWhole Foods Market At the beginning of the course, you will select a multinational company and present the name of the company to your professor for...

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