Identify the differences between the foreign corporation’s financial statements and a typical U.S. corporate financial statement.

The following are the criteria for this assignment:

• To have a better appreciation of the differences between U.S. corporate financial statements and foreign corporate financial statements, complete the following:
  • Choose the annual report of a foreign company that you have an interest in.
  • Identify the differences between the foreign corporation’s financial statements and a typical U.S. corporate financial statement.
    • Identify at least 5 differences found in the balance sheet.
    • Identify at least 5 differences found in the income statement.
  • Review the notes to the consolidated financial statements of the foreign corporation.
    • Note any differences in the information provided by the foreign corporation versus that typically provided by a U.S. corporation.
  • Share your overall impression of the foreign corporate financial statements.
• Identify 5 major classifications of accounting models that are used in different geographic regions. Are these classifications consistent with U.S. GAAP. Why or why not?

Please submit your assignment.