International Business

Read the attached case study and answer the following questions:

1. What key financial ratios will be affected by the adoption of FAS 141R and FAS 160? What will be the likely
   effect?
2. Could any of the recent and forthcoming changes affect the company’s acquisition strategies and potentially
   its growth?
3. What were FASB’s primary reasons for issuing FAS 141R and FAS 160?
4. What are qualifying SPEs? Do they exist under IFRS? What is the effect of FAS 166 eliminating the concept
   of qualifying SPEs on the convergence of accounting standards?
5. If the company adopts IFRS, what changes should management be aware of?
6. What are the principle differences between IFRS and U.S. GAAP?