report, accounting
Sims
For this assignment, you will research and compare international and U.S. 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 learning objectives of this report are as follows:
- Compare and contrast basic U.S. and international financial accounting standards.
- Explain how key international factors affect business reporting.
- Identify key compliance and regulatory requirements.
prepare a four- to five-page written report with at least three scholarly sources covering the items listed below.
Introduction
Part 1: Select financial statements for two related (e.g., computer manufactures, pharmaceutical companies, cell phone companies, etc.) businesses; one that uses U.S. 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 financial data is presented on the financial statements.
- Identify which set of financial 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 financial 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 and/or 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?
- 3 years ago
- 30
Purchase the answer to view it
- order_153056_414390.doc
- PSY 480 Week 1 Individual Assignment Examination of Clinical Psychology Paper
- PSCH questions
- reflection paper for Sociology
- ONLY FOR LADY HAWKINS M.D. I WILL NOT RESPOND TO ANYONE ELSE!!!!
- PSY 400 Week 3 Team Assignment Cognitive Dissonance Paper
- PHI 105 Week 2 Individual Dialogue between Plato and Aristotle
- OMM 618 Week 1 Paper Human Resource Challenges
- MGT 426 Week 3 Resistance to Change
- HCA 240 Week 2 Cancer Patient Information
- Planning and the Domains of Devellopment 150-200 words ( this an discussion)