Home Tasks MBA (2020)
Home Tasks MBA (2020)
Home Tasks MBA (2020)
In its 2016 annual report, Honda Motor Company Ltd. states: the fiscal year ended
March 31, 2015, we changed the basis of the accounting principles used to prepare
our consolidated financial statements from U.S. GAAP to IFRS. Accordingly, the
consolidated financial statements of the Company in this Annual Report have been
prepared in accordance with IFRS, as issued by IASB.
Required:
Discuss the possible reasons for Honda to make such changes need to prepare its
consolidated financial statements in conformity with IFRS.