Why do the accounting systems of different countries differ? Why do these differences matter?

why might an accounting- based system provide headquarters management with biased information about the performance of a foreign subsidiary? how can these biases best be corrected?

you are the CFO of the U.S. firm whose wholly owned subsidiary in Mexico manufactures component parts for your U.S. assembly operations. The subsidiary has been financed by bank borrowings in the U.S. one of your analysts told you that the Mexican peso is expected to depreciate by 30% against the dollar on the foreign exchange markets over the next year. what actions. if any. should you take?

you are the CFO of a Canadian firm that is considering building a $10 million factory in Russia