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Description
Brazil — the heading member of the BRICs, is the largest and the richest country in South America, a fastest growing nation in the developing world and also one of the leaders among the emerging economies. On 1st July, 1994 Brazil abandoned its original currency and named its new currency BRL. From then on, it has gained more power in development and in 2009; the GDP of Brazil has risen to US$ 1,574.039 billion with US$ 8,220 per capita.

The efficient accounting management has contributed a lot to such achievements. With the economic development of Brazil, international business and trade have played an increasingly important role. In an international environment, the pace of economic and communicative globalisation has promoted the implementation of international accounting, which will definitely facilitate informed business decision-making for business managers and potential investors.

Name  Petroleo Brasileiro S.A. or Petrobras
Financial year end  30 September 2009
Industry  An energy company including exploration, production, trade, transportation and distribution.
Country of stock exchange  Brazil
Name of stock exchange  BM & FBOVESPA S.A.
Web address - company