Problem:
Please provide some assistance when revering to the following three sets of annual reports which contain the financial statements. Using the latest financial statements -- for the year 2010, if available. Review the annual report and supplemental financial statements.
Apple, Inc. https://investor.apple.com/financials.cfm
Swatch Group https://www.swatchgroup.com/en/investor_relations/annual_and_half_year_reports
Nikon https://www.nikon.com/about/ir/ir_library/ar/index.htm
Briefly comment on the companies, the appearance and presentation of the annual reports.
How does any of the following affect the information reported the financial statements listed above?
Generally Accepted Accounting Principles (US GAAP),International Financial Reporting Standards (IFRS),Norwalk Agreement (October 2002)
Generally Accepted Auditing Standards,International Auditing and Assurance Standards
Make three comparisons and reach three conclusions about each company from the financial information you find in the annual report.
Prepare a table to summarize your findings.
Briefly comment on the ability to compare and contrast the information in your table.