Referring to their most recent annual reports, access the financial statements of a foreign company and a domestic company with which you are familiar to complete this assignment.

A. Determine the GAAP the foreign and domestic companies use to prepare financial statements.

b. Determine whether the financial statements provided by the foreign and domestic companies include the same components

c. list any format differences in the companies' income statement

d. list any format differences in the companies' balance sheet

e. Note any terminology differences that exist between the two companies income statement and balance sheet

f. In very general terms, asses whether the scope and content of the information provided in the notes to the financial statements is similar between the two companies

g. provide your overall impression of how the two companies' set of financial statements compare