Advanced Accounting II

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The following are the criteria for this assignment:

To have a better appreciation of the differences between U.S. corporate financial statements and foreign corporate financial statements, complete the following:
- Choose the annual report of a foreign company that you have an interest in.
- Identify the differences between the foreign corporation's financial statements and a typical U.S. corporate financial statement.
  - Identify at least 5 differences found in the balance sheet.
  - Identify at least 5 differences found in the income statement.
- Review the notes to the consolidated financial statements of the foreign corporation.
  - Note any differences in the information provided by the foreign corporation versus that typically provided by a U.S. corporation.
- Share your overall impression of the foreign corporate financial statements.
Identify 5 major classifications of accounting models that are used in different geographic regions. Are these classifications consistent with U.S. GAAP. Why or why not?

Needs to be APA format and 2-3 pages

Please submit your assignment.

Grading Criteria

Question 1:

Identify the differences in the balance sheet.
Identify the differences in the income statement.
Identify the differences in the information provided by the foreign corporation versus that typically provided by a U.S. corporation.

60%

Question 2:

Identify 5 major classifications of accounting models that are used in different geographic regions. Are these classifications consistent with U.S. GAAP. Why or why not?

40%