Financial Statements Conversions and Disclosure Requirements" Please respond to the following:
Assess the key strengths and weaknesses of the two (2) methods used to translate the financial statements of a foreign entity from its functional currency into U.S. dollars Discuss circumstances that would warrant each of the two (2) methods in question.
Evaluate the importance of disclosure requirements for corporations with foreign subsidiaries to financial statement users. Suggest two (2) additional useful disclosure requirements. Provide a rationale for your suggestion.