ACC 570 Assignment 3: Translation, Reporting, and Prices

ACC 570 Assignment 3: Translation, Reporting, and Prices

Due Week 6 and worth 250 points


Research a U.S.-based multinational corporation (be sure to review its financial statements).


Write at six to eight (6-8) page paper in which you:

Briefly describe the corporation you researched (one to two (1-2) paragraphs).
Discuss the direct impact of current, historical, and average exchange rates in the context of foreign currency translation on the corporation you selected.
Determine whether the corporation you researched should use foreign currently translation as a restatement process, a remeasurement process, or both, and explain why.
Analyze the financial statements of the company you selected to determine which earnings numbers provide the best metric for an investment analyst. Explain your rationale.
Evaluate how the company you researched addresses accounting for foreign inflation. If you agree with its approach, explain why – if you disagree, recommend a better approach.
Include three (3) external peer-reviewed sources to support your position.

Your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length.

The specific course learning outcomes associated with this assignment are:

Describe the institutional influences on accounting rules and practices.
Analyze the nature and scope of international accounting rules and practices.
Use technology and information resources to research issues in international accounting systems.
Write clearly and concisely about international accounting systems using proper writing mechanics.


Grading for this assignment will be based on answer quality, logic/organization of the paper, and language and writing skills, using the following rubric.
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