Referring to their most recent annual reports, access thefinancial statements of a foreign company and a domestic companywith which you are familiar to complete this assignment.
A. Determine the GAAP the foreign and domestic companies use toprepare financial statements.
b. Determine whether the financial statements provided by theforeign and domestic companies include the same components
c. list any format differences in the companies' incomestatement
d. list any format differences in the companies' balancesheet
e. Note any terminology differences that exist between the twocompanies income statement and balance sheet
f. In very general terms, asses whether the scope and content ofthe information provided in the notes to the financial statementsis similar between the two companies
g. provide your overall impression of how the two companies' setof financial statements compare
