Question - For each firm (U.S. and international), you are required to obtain the annual report, 10-K, and proxy statement for your firm (or appropriate stock exchange filing in the country where the company lists its stock).
Based on the information from the two companies, choose four international accounting concepts and discuss how each one relates back to your chosen firms. Examples include auditing requirements, accounting standards of the IFRS, reporting requirements, audit requirements, pricing issues, and so on.
My chosen companies are Nestle, Switzerland and Apple Inc. I couldn't upload their 2016 annual report here but I can maybe give you the url/website for it if needed?
What are the main reporting requirements for the two firms?
What are the accounting measurements used by these firms and their corresponding countries?
What similarities and differences exist between these firms' accounting systems?
What have you learned about the firms' accounting systems based on the four accounting concepts you chose to research?
Specifically, the following critical elements must be addressed:
I. Description
a. What accounting systems have you analyzed?
Why is your research question relevant to the international accounting industry?
b. Who is/are your target audience(s) for this paper? Is each audience technical or nontechnical? For example, are the audiences general readers? Accountants? Organizational decision makers? Why would your research be relevant for this particular audience?
II. Literature Review
a. How do the four accounting concepts relate to the organizations you chose to research? What are the similarities and differences in these concepts between the two firms? III. Conclusion
a. What have you learned about the accounting systems of foreign and domestic firms? Why is it important to understand the different accounting systems?
b. What is the overall conclusion of your research regarding reporting and accounting measurements?