Unit IV Research Rem 9 Weight: 12% of course grade 55 Grading Rubric 0 Due: Tuesday, 101260021 11:59 PM (CST) Instructions lntemaonal versus U.S. Accounting Standards For this assignment, you will research and compare international and US accounting standards. This will enable you to see how the different reporting methods affect business and how product costs are affected by international business. The teaming objectives of this report are as follows: 1. Compare and contrast basic US. and international nancial accounting standards. 2. Explain how key international factors affect business reporting. 3. Identify key compliance and regulatory requirements. Using the Unit IV Research Report Template , prepare a four to vepage written report with at least three scholarly sources covering the items listed below. Introduction Part 1: Select nancial statements for two related (e.g., computer manufactures, pharmaceutical companies, cell phone companies, etc.) businesses; one that uses US. accounting reporting and the other that uses international accounting reporting. Identify the following items: - Provide the name, location, and accounting standards used for each business. - Compare and contrast three major differences you see in the way the nancial data is presented on the nancial statements. - Identify which set of nancial statements you think is the easiest to understand and provides you with most accurate cost data as a manager. (Do not forget to look at the notes to the nancial statements also.) Part 2: Analyze and discuss three international factors you think would affect the cost of the products made at the companies you selected and why. Part 3: Discuss any compliance andlor regulatory issues you think would be involved in the companies you have selected as they relate to the cost of the products made. For example, are there strict regulations on product pricing, tariffs imposed on raw materials needed to make the products, or strict regulations on the wages paid to workers