Lvmh Moet Hennessy Louis Vuitton Sa Case Study

2617 Words11 Pages
(Name) (Instructors’ name) (Course) (Date) LVMH Moet Hennessy Louis Vuitton SA Case Study What is the Autorité des Marchés Financiers? Explain why it was established in 2003 and describe its role in the development of financial reporting in France. (5 marks) The AMF also known as the Autorité des marchés financiers is the body authorized by the government of Québec to control the financial markets and offer assistance to purchasers of financial products and overhauls of the province. It is an independent public body that encompasses legal traits and financial independence (Berman and Zina 160). Its objective is to: • Maintain investments in financial instruments and in every other savings and investment medium. • guarantee that investors obtain substance information • retain systematic financial markets The Autorité des marchés was established to improve the effectiveness of the financial, regulatory scheme of France and to provide it with better visibility. As obligated under it integrating legislation, the role of Autorité des marchés is to implement the regulations governing the laws of the financial segment, remarkably in the areas of securities, the distribution of financial products and overhauls, deposit institutions excluding banks, and insurance The European Union’s Fourth Directive allows four income statement formats. Explain the structure of LVMH’s income statements on page 110, and on page 182, in terms of the options allowed under the Fourth Directive and IAS 1. (5 marks) In accordance to the international standards of accounting, and the interpretations taken on by the European Union and pertinent on December 31, 2009 is the manner in which the consolidated financial statement was established. These interpretations and standards have been employed constantly to the fiscal years presented (Lecture 2.5 5). The

More about Lvmh Moet Hennessy Louis Vuitton Sa Case Study

Open Document