Through a Glass Darkly: What Can We Learn about a U.s. Multinational Corporation’s International Operations from Its Financial Statement Disclosures?
Michael P. Donohoe, Gary A. McGill, and Edmund Outslay
65 National Tax Journal 961-84 (December 2012)
We discuss the accounting rules that apply to reporting a U.S. company’s international operations. We use examples to illustrate diversity in accounting and offer caveats for policy makers, standard setters, analysts, and researchers regarding their interpretation and use of financial accounting information.