Siemens AG, a German company, is Europe 's largest engineering and electronics company The company pre pares its financial statements according to IFRS Required 1 Use the Internet to locate the most recent financial report for Siemens The address is Awww siemens com Locate the significant accountin...

The following was taken from the companys 2013 annual report Your resu ...

Siemens AG, a German company, is Europe's largest engineering and electronics company. The company pre-pares its financial

Question:

Siemens AG, a German company, is Europe's largest engineering and electronics company. The company pre-pares its according to IFRS.
Required:
1. Use the Internet to locate the most recent financial report for Siemens. The address is Awww.siemens.com. Locate the significant accounting policies disclosure note.
2. How does the company account for research and development expenditures? Does this policy differ from U.S. GAAP?
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...