OREGON STATE UNIVERSITY

Financial Reporting and the Business Environment:

TitleFinancial Reporting and the Business Environment:
Publication TypeThesis
Year of Publication2008
AuthorsWolfer, Robert J.
Academic DepartmentAccountancy
Thesis AdvisorBanyi, Monica
DegreeHonors Baccalaureate of Science in Accountancy
Number of Pages64
Date Published06/2008
UniversityOregon State University
CityCorvallis
Thesis TypeUndergraduate
Keywordsaccounting, International, Mexico, standards
Abstract

Multinational corporations must be aware of the business and financial reporting issues
that await them abroad. Investors also must have this knowledge in order to adequately
interpret the financial information they receive from these companies. This study compares and contrasts the business environments in the US and Mexico, with a focus on
financia1 reporting. The first section of this paper addresses cultural differences and their
impact on the business environment as well as business laws and practices specific to
each country. The second looks at the accounting standards of each country, as well as
international standards. Finally, a Mexican cement company, CEMEX, is used to show
how the accounting issues manifest themselves in practice