One page accounting HW

Homework Assignment:

The week’s discussion covered the following International Accounting Standards (IAS):

#21     The Effects of Changes in Foreign Exchange Rates

#27     Consolidated and Separate Financial Statements

#28     Investments in Associates

#29     Financial Reporting in Hyperinflationary Economies

#31     Interests in Joint Ventures

and

IFRS 8 Operating Segments

Par I Research your Johnson&Johnson and report which, if any, of these standards are applicable for your Johnson&Johnson.  Then select one that is applicable and explain how your Johnson&Johnson handles it.  

Part III of the homework….

Question:  What companies might your Johnson&Johnson include in a benchmarking study and in which countries are those companies located.  Your answer should include, at least, four other companies for the comparison. 

As an example of the response for this assignment, consider Ford Motor Company.

Ford might want to include the following companies in a benchmarking study:

          U.S. – General Motors, Chrysler

          Japan – Honda, Toyota, Subaru

          Germany – BMW, Volkswagen, Audi

          Korea – Hyundai, Kia

          France – Renault, Peugeot