Answered step by step
Verified Expert Solution
Question
1 Approved Answer
For this research paper select an industry a us firm and a foreign make sure both firms use IFRS as the basis for measurement and
For this research paper select an industry a us firm and a foreign make sure both firms use IFRS as the basis for measurement and reporting. For each firm (U.S. and international), you are required to obtain the annual report, 10-K, and proxy statement for your firm (or appropriate stock exchange filing in the country where the company lists its stock). Based on the information from the two companies, choose four international accounting concepts that are discussed in this course and discuss how each one relates back to your chosen firms. Examples include auditing requirements, accounting standards of the IFRS, reporting requirements, audit requirements, pricing issues, and so on. Your research paper should answer the following questions: What are the main reporting requirements for the two firms? What are the accounting measurements used by these firms and their corresponding countries? What similarities and differences exist between these firms accounting systems? What have you learned about the firms accounting systems based on the four accounting concepts you chose to research? Literature Review a. How do the four accounting concepts relate to the organizations you chose to research? What are the similarities and differences in these concepts between the two firms? III. Conclusion a. What have you learned about the accounting systems of foreign and domestic firms? Why is it important to understand the different accounting systems? b. What is the overall conclusion of your research regarding reporting and accounting measurements? this is a 10 - 15 page paper when i get someone to answer will give the companies i have. thanks
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started