Find the financial statements of a company that uses International Financial Reporting Standards (IFRS)

• Post Date 2020-04-30T08:17:29+00:00
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Find the financial statements of a company that uses International Financial Reporting Standards (IFRS)

Here, you are supposed to find the financial statements of a company that uses IFRS for its financial statements and explain how the financial statement relates to the topics covered in our class. Kindly, summarize your report as your objective is to convey the main ideas of your topic.

Find  the  financial    statements    of  a company   that   uses  International     Financial   Reporting   Standards    (IFRS)

for  its financial   statements     and  explain   how  the  financial   statements     relate   to  some  of the  topics covered   in our  class.

,Instructions:

1)    Pick a publicly   traded   company   that   reports   in a country   where   IFRS is “required”.     You  can refer to the  attached    file  “IFRS by Country”    for  a full  listing  of the  status  of countries’     IFRS adoption.

2}    Print  out  the  most  recent   financial    statements     and  notes  to  the  financial   statements     of the company   that   uses  IFRS from   the  company’s    website

3)    Prepare   a written    document    about~        pages  long  discussing   your  company’s    use of  the

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International      Financial   Reporting   Standards

1. Due  by December    10, 2015

b.

1. Use 12 point   font,   Times   New  Roman,   double-spaced,     normal   1 inch  margins

4)    Individual    group   member    responsibilities:

1. Each group  member    needs  to  pick  one  chapter   that  we  cover  in our  class  (for  example, current    liabilities    from   Ch. 13 or  stockholder’s     equity   from   Ch. 18).

1. Every person   should   write   approximately      one  page  discussing   the  details   of  their  topic as it  relates   to the  information     in the  financial   statements     (see below).

1. For example,  if your  company    is “BMW”    and  group   member   til  picks  “Current Liabilities”,    that   person   should   report   all of the  different    accounts   listed   under   Current Liabilities,    reasons  for  any  significant    changes   in the  balances   from   the  prior  year, important      information     found   in the  footnotes    to  the  financial   statements     regarding   the current    liabilities,    whether    the  account   names  are  different     under   U.S. GAAP,  and  any major   differences    in how  the  current    asset  account   is measured   or  recognized    under IFRS as compared    to  U.S. GAAP (fair  value,  cost  basis,  etc.).

1. Please summarize    your  main  points   as some  companies    report   numerous    balances   in much   detail.   Your  goal  should   not  be to  analyze   every  detail   of  every  account,    but  rather to  convey   the  main  ideas  of your  topic   that  you  feel  are  most  important     for  the  reader

of  the  IFRS financial    statements.