The following are the criteria for this assignment:
- To have a better appreciation of the differences between U.S. corporate financial statements and foreign corporate financial statements, complete the following:
- Choose the annual report of a foreign company that you have an interest in.
- Identify the differences between the foreign corporation’s financial statements and a typical U.S. corporate financial statement.
- Identify at least 5 differences found in the balance sheet.
- Identify at least 5 differences found in the income statement.
- Review the notes to the consolidated financial statements of the foreign corporation.
- Note any differences in the information provided by the foreign corporation versus that typically provided by a U.S. corporation.
- Share your overall impression of the foreign corporate financial statements.
- Identify 5 major classifications of accounting models that are used in different geographic regions. Are these classifications consistent with U.S. GAAP. Why or why not?
Please submit your assignment.
| Grading Criteria | |
Question 1:
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60% |
| Question 2:
Identify 5 major classifications of accounting models that are used in different geographic regions. Are |
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