This assignment is related to the second chapter. Once you select the company of choice and have downloaded its annual report, prepare a report containing: Instructions: do the 2 points for adidas company 1. Explain the measurement bases used in preparing the financial statements for adidas company 2. Disclosures relating to the Notes of financial statements - IAS1 for adidas company As mentioned earlier in this chapter, the notes which accompany the statement of financial position, the statement of comprehensive income, the statement of cash flows and the statement of changes in equity are an integral part of the financial statements and so fall within the scope of international standards. IASI states that the notes. For each item listed below, write a brief description (only a few lines) about: a. present information about the basis of preparation of the financial statements and the accounting policies which have been used, including: the measurement bases used in preparing the financial statements other accounting policies relevant to an understanding of the financial statements b. disclose information required by international standards, to the extent that this is not presented elsewhere in the financial statements c. provide any additional information which is relevant to an understanding of any of the financial statements. The notes should be presented in a systematic manner and should be cross-referenced to the four primary financial statements. The notes normally begin with a statement of compliance with international standards. There should then be a section on significant accounting policies, followed by supporting information for line items presented in the four primary statements and further disclosures as necessary.