Bijoux Corporation is a multinational company operating in several parts of the globe. The Company’s headquarter is located in Paris France. Most of the company’s raw materials are procured locally in France. A highly toxic cleaning agent called Zoe, however, must be imported from abroad. Bijoux Corporation buys its needed quantity of Zoe from India. The management plans to open a wholly owned subsidiary in Malaysia and start selling its products in Southeast Asian countries and China. To finance the operation, Bijoux Corporation has just obtained approval for listing its stock in Frankfort Stock Exchange in Germany. Enumerate and briefly discuss various accounting issues that Bijoux Corporation might face in this situation due to international standards.

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