ACC512: International Accounting- Group Outline Assignment

Overview:

Access your chosen company’s latest annual report. In particular, you will refer to the

company’s consolidated financial statements and notes to choose and analyze three

IFRS standards that the company has applied.

Instructions:

Prepare an outline with your team to answer the questions below. Then, individually,

complete the peer evaluation form regarding your team members’ performance working

on the assignment.

1. The company profile includes but not limited to type of company, size of the

company, product/service, location, target market and related demographics,

when adopts IFRS …

2. Various international accounting issues that the selected company encounters.

3. Evaluate whether the financial statements presented comply with the

presentation requirements in IAS1. Provide evidence to support your evaluation.

4. Select three IFRS standards that the company has applied.

5. Discuss the differences between these IFRS standards and US GAAP or local

GAAP if the company is not US-based.

6. Discuss the impact of these differences on financial statements.

7. Provide recommendations regarding the issues the company encounters based

upon your research.

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