Assignment:
Paper on Amazon as a Multi-National Corporation:
Paper will need to be 5 to 7 pages not including citation page.
Paper will need to include an introduction on Amazon as well as how many countries Amazon does business in. Answer why Amazon might be interested in doing business in other countries, how does Amazon deal with international taxation and GAAP laws.
How does Amazon deal with foreign exchange rates, foreign currency transactions and hedging?
How does Amazon deal with Guarantees (other than product or service warranties) that are within the scope of ASC460?
Where does Amazon have Investments in Associates and Joint Ventures? IAS 28
Report on the functional currency of Amazon keeping in mind: Both U.S. GAAP and IFRS recommend the following factors:
the location of primary sales markets,
sources of materials and labor,
the source of financing, and
The amount of intercompany transactions should be evaluated in identifying an entity's functional currency.
Conclusion.