Questions 1. Why do you think Toyota is expanding so aggressively outside of Japan instead of focusing more on manufacturing in Japan and exporting to other countries? 2. What are the risks it faces in expanding its overseas manufacturing? 3. Where do you think Toyota should put its next plant in North America, and what factors should it consider in making that decision? 4. What are some of the major accounting issues that Toyota faces as it expands its global reach? What are the pros and cons to Toyota of issuing its financial statements according to U.S. GAAP? EU Conversion Spain”s accounting system has historically been heavily tax-oriented. With the EU”s adoption of IFRS, however, it will be required to have a reporting system substantially different from its tax system. La Rodonda Company is trying to anticipate some of the problems it might face with the conversion to IFRS. Questions 1. How might its goals of accounting change with the adoption of IFRS? 2. What should i