Wordlwide Accoutning Diversity and International Standrds

Jun 27th, 2015
SKTFaker
Category:
Accounting
Price: $30 USD

Question description

Accounting:Worldwide Accounting Diversity and International Standard

Reconciliation of IFRS to U.S. GAAP

Unless they use IFRS, foreign companies with securities listed in the United Sates (in the form of ADRs) are required to reconcile their net income and stockholders’equity to U.S. GAAP in the annual report (Form 20-F) they file with the Securities and Exchange Commission (SEC). List of foreign SEC registrants are available on the internet at www.adrbnymellon.com; click on DR Directory & Profiles. Annual reports of foreign SEC registrants may be accessed through the SEC’s EDGAR system at www.sec.gov (under Filing Type, search for 20-F). However, not all foreign registrants file their reports with the SEC electronically. Many non U.S. companies make annual reports available on their corporate Internet home page. Access a recent annual report (Form 20-F) for a foreign company listed on the New York Stock Exchange that does not use IFRS to complete the following requirements.

Required:

a.  Determine the nationality of the company selected and the accounting rules and regulations it used (company GAAP) to prepare its financial statements.

b.  Summarize the major differences in measuring net income between company GAAP and U.S. GAAP.

c.  Compare the company’s profitability using company GAAP and U.S. GAAP


Tutor Answer

(Top Tutor) Daniel C.
(997)
School: UT Austin
PREMIUM TUTOR

Studypool has helped 1,244,100 students

7 Reviews


Summary
Quality
Communication
On Time
Value
kpcutie
Nov 29th, 2016
" Excellent job "
Hemapathy
Nov 16th, 2016
" all I can say is wow very fast work, great work thanks "
BlueOcean
Nov 2nd, 2016
" Awesome! Exactly what I wanted. "
kevin12622
Oct 24th, 2016
" Goes above and beyond expectations ! "
ashleyisgod
Oct 11th, 2016
" Top quality work from this guy! I'll be back! "
likeplum4
Oct 2nd, 2016
" Excellent work as usual "
Molly_Moon
Sep 18th, 2016
" AMAZING as always! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1831 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors