accounting

Performance Criteria

Below Expectations

Meets Expectations

Exceeds Expectations

1. Articulates fundamental challenges of global business

None or incomplete identification of some of all of the relevant challenges.

1

Somewhat detailed identification of the majority of relevant challenges.

2

Clear and detailed identification of fundamental challenges of global business.

3

2. Analysis of financial impacts of operating a global business

Little to no analysis of impact on relevant issues.

1

Somewhat detailed analysis of relevant issues with minimal inaccuracies.

2

Clear, accurate and detailed analysis of financial impacts of operating a global business.

3

3. Awareness of the existence and applicability of alternate (non US GAAP) accounting standards, such as IFRS, for financial reporting for global (non-US) businesses

Little to no awareness of alternate accounting standards.

1

Awareness of the existence of alternate accounting standard and somewhat detailed knowledge of the applicability of alternate standards vs. US GAAP, by jurisdiction

2

Awareness of the existence of alternate accounting standard and detailed knowledge of the applicability of alternate standards vs. US GAAP by jurisdiction, including progress toward convergence

3

4. Application of alternate accounting standards

None or incomplete identification of a difference in application of accounting standards between US GAAP and IFRS.

1

Somewhat detailed identification of a difference in application of accounting standards between US GAAP and IFRS.

2

Clear and detailed identification of a difference in application of accounting standards between US GAAP and IFRS.

3

5. Identification of the sources of IFRS

Little to no awareness of the sources of IFRS.

1

Awareness of the sources of IFRS.

2

Clear awareness of the sources of IFRS and the decision-making process behind IFRS.

3

6. Recognition of the importance of IFRS in the future for US companies

Little to no awareness of efforts in the US toward convergence to IFRS.

Awareness of efforts in the US toward convergence to IFRS, including current status and likely timetable for adoption.

Clear awareness of efforts in the US toward convergence to IFRS, including current status and likely timetable for adoption, and potential barriers to convergence.

1

2

3