Question
Select one of the 5 foreign countries we have studied this term: China, Germany, Japan, Mexico or the UnitedKingdom, and provide a country profile discussing
Select one of the 5 foreign countries we have studied this term: China, Germany, Japan, Mexico or the UnitedKingdom, and provide a country profile discussing the topics outlined below.In addition, using EDGAR (http://www.sec.gov/edgar.shtml), find the non-U.S. GAAP financial statements for a company from that country.
- Prepare a 5 page analysis of the country you chose discussing the following:Compare the accounting profession in your selected country including professional conduct rules
- Identify how the accounting standardare setin that country
- Identify two financial reporting standards that differ from those of U.S. GAAP
- Identify national characteristics unique to the country that influence accounting
For the two financial reporting standards identified in your paper, use Excel to create an applicable supporting schedule that provides an example of the adjustments that would need to be made to your foreign company's financial statements for it to comply with U.S. GAAP.
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