Commencing in 2007, foreign companies that were using IFRSs did not have to reconcile their reported shareholders ' equity to shareholders ' equity under U S GAAP Access the 2011 and 2010 annual reports for Goldcorp Inc , a Canadian gold producer Answer the questions below for each of the two years...

a The financial statements are presented in US dollars for 2010 and 2011 This is disclosed on the top of each page of the financial statements b The f ...

Commencing in 2007, foreign companies that were using IFRSs did not have to reconcile their reported shareholders'

Question:

Commencing in 2007, foreign companies that were using IFRSs did not have to reconcile their reported shareholders' equity to shareholders' equity under U.S. . Access the 2011 and 2010 annual reports for Goldcorp Inc., a Canadian gold producer. Answer the questions below for each of the two years. Round percentages to one decimal point. For each question, indicate where in the you found the answer, and/or provide a brief explanation.
(a) In what currency are the presented?
(b) from what country or jurisdiction was used in preparing the What was the percentage difference between the reported shareholders' equity under Canadian and shareholders' equity under U.S. ?
(d) What three items caused the biggest change in shareholders' equity between the two different GAAPs?
(e) If a reconciliation to U.S. were not provided, how would a financial analyst deal with this situation when comparing Goldcorp to another company reporting under U.S. ?
(f) What was the percentage difference in reported shareholders' equity under Canadian versus shareholders' equity under IFRSs?
(g) What three items caused the biggest change in shareholders' equity between the two different GAAPs?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...