Reference no: EM132900719

Select financial statements for two related (e.g., computer manufactures, pharmaceutical companies, cell phone companies, etc.) businesses; one that uses U.S. accounting reporting and the other that uses international accounting reporting.

Identify the following items:

Question 1: Provide the name, location, and accounting standards used for each business.

Question 2: Compare and contrast three major differences you see in the way the financial data is presented on the financial statements.

Question 3: Identify which set of financial statements you think is the easiest to understand and provides you with most accurate cost data as a manager. (Do not forget to look at the notes to the financial statements also.)