What are the main problems caused by worldwide accounting diversity for a multinational corporation? Think of practical problems like costs of compliance and mastering subtleties of accounting in new countries, the potential varied messages that might be sent to investors by financial statements prepared on different bases of accounting, and how about managing company? Do you need to prepare your own internal GAAP to manage the company? Let's get creative and brainstorm. There's no right answer here, just opportunity to begin exploring the fascinating topic of International Accounting.