Select one of the 5 foreign countries we have studied this term: China, Germany, Japan, Mexico or the UnitedKingdom, and provide a country profile discussing the topics outlined below. In addition, using EDGAR (http://www.sec.gov/edgar.shtml), find the non-U.S. GAAP financial statements for a company from that country.
COURSE OBJECTIVES COVERED: 1-4
Based on your readings, use of technology, research of literature, and other sources make sure your project includes the following:
Prepare a 4-5 page analysis of the country you chose discussing the following:
The accounting profession in your selected country
The accounting standard setting process in that country
Two financial reportingstandards that differ from those of U.S. GAAP
National characteristics unique to the country that influence accounting
For the two financial reporting standards identified in your paper, use Excel to create an applicable supporting schedule that provides an example of the adjustments that would need to be made to your foreign company’s financial statements for it to comply with U.S. GAAP.
The report should be 4-5 pages in total (not including cover page, abstract, or references)
Include the Excel spreadsheet(s) as exhibits in your paper
Include a minimum of 2 scholarly sources from EDGAR resource and FASB proposed standard.
All sources used are to be cited in APA format
You will be using Excel to create the exhibit to your paper
You will be presenting your findings from the project to the class using PowerPoint.