In the context of a global information system (GIS),consolidating global reporting is a crucial tool for managing overseas subsidiaries because _____.
A)it compares only standardized reports
B)it reduces the difficulties caused by the differences in accounting procedures
C)it is a strategic requirement of the GIS
D)it does not take into account the differences in regulatory standards

Question

Quizplus · Accepted Answer

Consolidating global reporting helps to reduce the difficulties caused by the differences in accounting procedures between different subsidiaries, making it easier to manage them within a global information system. This is important for ensuring consistency and accuracy in financial reporting across all subsidiaries.

In the Context of a Global Information System (GIS),consolidating Global