Question: QUESTION 1 'Understanding why there had been differences in financial reporting in the past, why they continue in the present, and will not disappear in

QUESTION 1 'Understanding why there had been differences in financial reporting

QUESTION 1 'Understanding why there had been differences in financial reporting in the past, why they continue in the present, and will not disappear in the future, is one of the main themes of comparative international accounting.' (Nobes and Parker, 2012, P4) Required: a. Explain the factors that have led to the establishment of multinational enterprises from the international accounting perspective. (8 marks) b. Discuss the reasons why a comparative approach is appropriate. (12 marks) (Total: 20 marks)

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