GAAP Accounting Principles | Instant Homework Solutions

Access the financial statements from the most recent annual report of a foreign and domestic company with which you are familiar to complete this assignment. Then, address the following: 1. Determine the generally accepted accounting principles (GAAP) the foreign and domestic companies use to prepare financial statements. 2. Determine whether the foreign or domestic companies provide a set of financial statements that include the same components. 3. List five format differences in the companies’ income statements. 4. List five format differences in the company’s balance sheets. 5. Note any terminology differences that exist between the two companies’ income statements and balance sheets. 6. Assess whether the scope and content of the information provided in the notes to the financial statements is similar to the two companies. 7. Compare the overall presentation of the financial statements and notes to the financial statements between the two companies. The Analysis of Foreign and Domestic Financial Statements paper