The weekâ??s discussion covered the following International Accounting Standards (IAS):#21 The Effec

The week’s discussion covered the following International Accounting Standards (IAS):#21 The Effects of Changes in Foreign Exchange Rates#27 Consolidated and Separate Financial Statements#28 Investments in Associates#29 Financial Reporting in Hyperinflationary Economies#31 Interests in Joint VenturesandIFRS 8 Operating SegmentsResearch your MNC and report which, if any, of these standards are applicable for your MNC. Then select one that is applicable and explain how your MNC handles it.Part II of the homework assignment, you are required to read at least one other posting and make a substantive comment.Part III of the homework….Question: What companies might your MNC include in a benchmarking study and in which countries are those companies located. Your answer should include, at least, four other companies for the comparison. As an example of the response for this assignment, consider Ford Motor Company.Ford might want to include the following companies in a benchmarking study: U.S. – General Motors, Chrysler Japan – Honda, Toyota, Subaru Germany – BMW, Volkswagen, Audi Korea – Hyundai, Kia France – Renault, Peugeot