Review the case study “Ericsson” at the end of Chapter 18 in the textbook. Address the following components in a well-written response. Remember to cite any sources used, including the textbook (APA format is required).

•Identify the major sources of influence on Ericsson’s accounting standards and practices. .
•If you were in the position of CFO, would you recommend that Ericsson adopt full IFRS or IFRS as adopted by the EU? Provide a rationale for your recommendation.