Provide with most accurate cost data as a manager

Assignment Help Accounting Basics
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.)

Reference no: EM132900719

Questions Cloud

Analyze and discuss three international factors : Analyze and discuss three international factors you think would affect the cost of the products made at the companies you selected and why.
Integrated development environment : Python comes with a program called an IDLE, which belongs to a type of software known in computer science as an IDE (Integrated Development Environment).
Most challenges for economy : What types of unemployment do you think present the most challenges for the economy and why?
Describes four criteria for analyzing acting : Your chapter on Acting describes four criteria for analyzing acting
Provide with most accurate cost data as a manager : Identify which set of financial statements you think is the easiest to understand and provides you with most accurate cost data as a manager.
Identify key compliance and regulatory requirements : Compare and contrast basic U.S. and international financial accounting standards. Identify key compliance and regulatory requirements.
What are the shortcomings of a functional structure : Question 1: It has been said that, given the growing complexity and dynamism of the world of business, all organizations will have to adopt some type of a matri
Describe two to three macroeconomic factors : Describe two to three macroeconomic factors that influence interest rates in general. Explain the effects of each factor on interest rates.
What are the opportunities for 7-eleven during covid-19 : What are the opportunities for 7-eleven during covid-19? How covid-19 affect 7-eleven?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Company gross profit ratio

The Baldwin Wholesale Company began 2011 with inventory of $400,000 and ended the year with inventory of $500,000. The company's gross profit ratio is 25%, inventory turnover ratio is 2, and receivables turnover ratio is 4. Accounts receivable at ..

  Find what is the total stockholders equity

What is the total stockholders' equity? Common Stock, $10 par 7,000 shares issued, $70,000; Paid-in Capital in Excess of Par $20,000

  On march 31 2013 m belotti purchased the right to remove

on march 31 2013 m. belotti purchased the right to remove gravel from an old rock quarry. the gravel is to be sold as

  Insufficient information to estimate a return rate

Someone offers to sell to you a financial contract that will pay $90 at the end of each of the next five years, plus an additional $1000 at the end of the fifth year. If they will sell the contract for $950, what rate of return are they offering o..

  Donto company produces two models of buckets tonto and

donto company produces two models of buckets tonto and pronto. information regarding these products for may follows

  Determine which products should be sold

Using incremental analysis, determine which products should be sold at the split off point and which should be processed further

  Advice on calculating the vans depreciation

Natalie is also thinking of buying a van that will be used only for business. Natalie is concerned about the impact of the van"s cost on her income statement and balance sheet.

  Calculate petersen equity in seavoss income

Calculate Petersen's equity in Seavoss income for 2014, assuming the only intercompany eliminations are for merchandise sales

  What is the appropriate cost of capital

Donner, Inc. will finance a proposed investment by issuing new securities while maintaining its optimal capital structure of 60% debt and 40% equity. What is the appropriate cost of capital to use in analyzing this project

  Geographic scope of competition

After reading Porter's Five Forces paper, refer back to St. Sebastian and the facts laid out in the background reading and Case #1and consider: What products are in this industry vs. part of another distinct group? What is the geographic scope of c..

  How much will be the annual depreciation expense

A company acquired a delivery equipment amounting to Php1,800,000.00. How much will be the annual depreciation expense of the said asset

  Which is the initial date of the bonds

Pynchon issued $400,000 face value, 8% bonds, for $437,000, including accrued interest. In addition, bond issue costs amounted to $2,900, which are not included in the $437,000.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd