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Accounting Assignment Sample

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Assignment sample of subject -ACCT 401 Advanced Financial Reporting

The subject code ACCT 401 sample is prepared for the students to help them understand complex accounting concepts such as advanced financial reporting standards. 
Q1. What are the advantages of consolidated financial statements in multinational companies?
Consolidated financial statements allow the user of the financial statements to better understand the financial position and performance of the larger conglomerate.
Q2. What are some of the major accounting issues in business combinations?
Key accounting issues include identifying and measuring assets and liabilities, measuring goodwill, and determining how to account for the non-controlling interest.

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