Many non-U.S. companies make annual reports available on their corporate Internet home page. Access the financial statements from the most recent annual report for a foreign company with which you are familiar to complete this assignment.
Required
a. Determine the set of accounting rules (GAAP) the company uses to prepare its financial statements.
b . Determine whether the company provides a set of financial statements comparable to the set of financial statements provided by U.S. companies (consolidated balance sheet, consolidated income statement, consolidated cash flow statement).
c . List major differences between the company's income statement and the income statement of a typical U.S. corporation.
d. List major differences between the company's balance sheet and the balance sheet of a typical
U.S. corporation.
e . Determine whether the scope and content of the information provided in the notes to the finan- cial statements are comparable to the information provided in the notes to the financial state- ments by a typical U.S. corporation.
f . Evaluate the overall presentation of financial statements and notes to financial statements by the company in comparison with a typical U.S. corporation.