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Do think financial reporting of chinese and saudi companies

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Reference no: EM132635658

Refer to 2019 financial year report for Sinopec and Saudi Aramco

Question 1: What similarities and differences do you observe between the two sets of financial statements? Your focus should be on the application of accounting standards and nature of accounts rather than the reported amounts or financial performance.

Question 2: Do you think financial reporting of Chinese and Saudi companies will converge one day? Why or why not?

Question 3: Between Aramco and Sinopec, which company has greater debt-based incentives to manage reporting earnings? Why?

Reference no: EM132635658

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