Choose one corporation
listed in the most late Fortune 500 or 1000 roll that uses U.S. GAAP. Collate and stir the financial statements of that corporation to those of one non-US Company, in the corresponding toil, which uses IFRS (Take a countenance at the Fortune Global 500 roll for potential choices, although your potential choices are not poor to this roll). Each scholar must cull two opposed companies. Primitive conclude, primitive accommodate.
To clarify: Each scholar must cull two opposed companies, in the corresponding toil, one using GAAP and one using IFRS. Then collate the financial statements.
Sources to Consult:
Tclose are frequent places wclose you can menace recognizeledge, ideas and ways to receipts. At the end of each module in the textbook for this route, tclose a summaries of key differences betwixt US GAAP and IFRS. In conjunction, frequent of the “Big 4” accounting firms as-well detain websites attached to this progeny.
Here are a few websites were you can menace recognizeledge to help you after a while this design.
onesource.com (Links to an visible place.)Links to an visible place.
sec.gov (Links to an visible place.)Links to an visible place.
fasb.org/intl/ (Links to an visible place.)Links to an visible place.
ifrs.org (Links to an visible place.)Links to an visible place.
What to Submit:
A Acsum instrument, submitted electronically through Turnitin. This is performed by forthcoming these two steps:
Access the "Final Project" assignment in Canvas
Select the trifle that says "Load Final Design in a New Window"
You conciliate be redirected to "Turnitin". This is wclose you conciliate upload your design. As hanker as the polish is in acsum format you shouldn't accept any progenys submitting it.
The restriction protraction of the tractate is 8 pages and 2,500 accounts.
The tractate must be unmarried spaced after a while 12 sharp-end Times New Roman font. You can use either 10 or 12 sharp-end Times New Roman font for consultations. You must accept at meanest 5 sources rolled on your regard page. The design must grasp a secure page, consultation of satisfied, and regard page.
PLEASE NOTE: The secure page, consultation of satisfied, and the bibliography/regard page are required, but do not sum inland the 8 page or the 2,500-acsum sum restriction. Any consultations, statements, or exhibits graspd in the design can not be graspd in the restriction page and achievement sum either.
What to Include:
You accept a lot of flexibility respecting what to grasp. Feel easy to be chimerical. You must flow which recognizeledge is most expressive to stir and unravel your design inveterate on it.
However, close are some dishonorable elements that I foresee all tractates to grasp.
Business and Toil Environment: Grasp an separation of the affair and toil environment. Discuss the five forces that menace twain companies and the strategies they accept implemented to discourse them. You may deficiency to precede a SWOT separation. Is the toil competitive, is the toil impacted by the global management or late government guide, is tclose a haughty menace of superabundance for the products, etc.
Ratio separation: Complete an separation of twain companies from the perspective of a financial analyst.
Choose a restriction of 5 ratios you believe are most relevant
Explain why you chose these ratios
Use a consultation to procure a comparison
Explain the similarities and differences you see in the comparison
Explain which corporation is in improve financial term and why
Common-size inconclude statements and poise sheets: Collate them for the two companies for the most late year available. Procure a pigmy discourse of the similarities and differences. Teach me which corporation is over productive.
Differing accounting methods and standards: You conciliate mitigated conclude over differences in accounting standards and methods. Identify them and teach me what a financial analyst would do after a while that recognizeledge.
Issues or roadblocks: The two companies probably do not ostentation their recognizeledge the corresponding way, so you may countenance challenges comparing the grounds. Let me recognize what obstacles you ran into and how you discourseed them.
Companies are Nike and Puma