In class today, we analyzed Financial Reporting for McDonalds. I learned for a global corporate company, the employees must review sales and revenues for each country. Since the currency and values varies between nation, there is a system in place called constant currency, which seems complicated to calculate and understand on such a large scale.
I still have questions on how constant currency is determined and how accurate it is compared to standard valuing. The financial reports we analyzed were based off of second quarter and I'm cofused on what business quarters are, and why they are used.
Seahorse
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