Locate the most recent annual report of Toshiba Corporation, the large Japanese electronics company, on the companys

Question:

Locate the most recent annual report of Toshiba Corporation, the large Japanese electronics company, on the company’s website: www.toshiba.co.jp. You will find an electronic copy of the annual report in the “Investor Relations” section of the website.

Required:

1. Besides the financial statements and related notes, what other types of information are contained in the annual report?

2. What types of financial statements are included in the annual report?

3. What country’s GAAP rules does Toshiba follow in preparing its annual report?

4. Toshiba’s common stock is traded on the New York Stock Exchange. How can you determine if there are differences between Toshiba’s reported net income and the net income that would have been reported under U.S. GAAP?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...