Section Il: Executive Summary Report ) After you finish the translation of currencies and consolidation workbook, you will then create a 2- to 3- page executive summary report in a Word document that explains the findings from the workbook. Part One: Investments and Goodwill 1. Select various methods to account for equity investments. Consider the following: A. Identify the sole criterion for applying the equity method of accounting. B. ldentify the cost of an equity method investment. 2. ldentify the implications and benefits of various levels of ownership control. Consider the following: A. Describe the motivations for a corporation to gain significant influence over another corporation. B. Explain why organizations invest in the equity shares of other organizations. Part Two: Foreign Currency 1. Explain the concepts related to foreign currency, exchange rates, and exchange risk. A. Consider the following: Consider foreign currency borrowings. B. Identify the basic concepts of hedge accounting. 2. Integrate derivative contracts for an organization's international transitions. Consider the following: A. Rationalize hedging balance sheet exposure to foreign exchange risk. B. Describe the treatment of gains and losses on hedges. 3. Outline the limitations of the current and temporal methods. Consider the following: A. Explain the theoretical underpinnings of the current rate and temporal methods