Ch 1 The regulatory framework This assignment is related to the first chapter. Once you select Adidas company and have downloaded its annual report, prepare a report containing: I Instructions: do the 3 points for adidas company a. Give the background information about the company you choose in a very simple and attractive manner, the background information is vital and it tells the long back history of the company performance. b. Identify the first IFRS reporting period and state the date of transition. c. Explain the procedure which must be followed in order to prepare the financial statements.