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Your course project will be to prepare a PowerPoint presentation and analysis of accounting standards of a foreign country and company. The purpose of this project is to allow you to demonstrate your understanding of an accounting standard setting process for a foreign country and apply this knowledge to a foreign company (multinational enterprise.) The major components of the project are as follows:
• Summary PowerPoint presentation that demonstrates your understanding of the country's standards and the company's application of these standards. Due Date Your final project is due in Week 11. The project will have multiple deliverables throughout the course. The week they are due is noted in the time line below. Time Line Week Assignment 01 Introduction 02 Company and Country Choice and Rationale 04 Annotated Bibliography and Outline for Accounting Standard Information Paper 06 Accounting Standard Information Paper 08 Annotated Bibliography and Outline for Company Analysis Paper 10 Company Analysis Paper 11 PowerPoint Presentation Requirements To begin the project, select a foreign company that is headquartered in your chosen country. Conduct research on the history of the accounting standard setting process and the current standard used in that country. In a 2-3 page information paper, describe the accounting system of your selected country. The paper should include how accounting standards are set (including a brief history), the influences of economic, political, financial and cultural factors in the standard setting process, and the future of the standard setting process (based on your opinion and research). For the second part of the project, research the foreign company that is headquartered in your chosen country. In a 3-5 page paper, analyze the quality of the foreign company's annual report. Obtain the company's most recent annual report. This project is a critique of the informativeness of the foreign organization's annual report. You should evaluate the quality of the information provided by the company from the perspective of a potential investor. In other words, you should discuss the strengths and weaknesses of the annual report disclosures in terms of whether they provide relevant and reliable information to investors. Include background information of the company, strategies for raising international capital, and analysis of company's compliance of its home country GAAP. Include a comparison of the foreign country GAAP to U.S GAAP. I have completed the first part of the project I need weeks 8 and 10 completed. The country I have chosen is Germany and the company that I have chosen to research is Daimler AG.
Suppose a stock had an initial price of $83 per share, paid a dividend of $1.40 per share during the year, and had an ending share price of $96.
Financial statements are prepared in accordance with what? What governing bodies set accounting standards? Why do you think financial statements are required to be prepared using the same standards?
How might target costing be used to help solve this pricing dilemma?
Bubble Corporation manufactures two products, I and II, from a joint process. A single production costs $4,000 and results in 100 units of I and 400 units of II. To be ready for sale, both products must be processed further, incurring separable co..
The bonds were issued four years ago at par ($2,000,000), carry a 7% interest rate, and are convertible into 40,000 shares of common stock. The company has a 40% tax rate. Diluted earnings per share are ??
Your firm has $45.0 million invested in accounts receivable, which is 90 days of net revenues. If this value could be reduced to 50 days, what annual increase in income would your firm realize if the increase in cash could be invested at 7.5 perce..
What is the forward price of your contract? Suppose both the 1-year and 11-year spot rates unexpectedly shift downward by 2 percent. What is the price of a forward contract otherwise identical to yours?
It is now July 31st. You are continuing to advise Dr. Leo Krusack on basic accounting procedures. His practice had the following transactions during July.
Sales Returns and Allowances $3,000; Freight-out $1,000; and Purchase Returns and Allowances $2,000.The ending merchandise inventory is $25,000. Prepare a cost of goods sold section for the year ending August 31 (periodic inventory).
The income from an equity investee is reported on one line of the investor company's income statement except when:
Which of the following is a correct statement of one of the capitalization criteria?
The automatic lane-cleaning machine. Thecost of repairing the component is $1,850. What is the totalrecorded cost of the automatic scorekeeping equipment?
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