(1-3) P7 = LO4 1-Present the Difference financial reporting principles and international differences for international companies. Different Financial Reporting Principles and international differences for international companies... Give at least 2 Examples. Most important point you should explain: 1- Shareholder orientation 2- Fairness 3. Conservatism and accruals 4. Uniformity, accounting plans and formats 5. Consolidated accounts 6-Deferred taxation 2-Explain how countries have respond to IFRS. Explain and Give Examples (at least 2 countries) 3-Grouping countries and accounting systems. Give Examples (at least 2 countries). M4:Critically evaluate the factors that influence international differences in financial reporting. - Introduction about the differences of financial reporting in different countries. -Factors that causes the International Differences, Explain each one and give an example for each: 1- External environment and culture 2-Legal Systems 3- Provision of finance 4- Taxation -Evaluation (Opinon) or conclusion, the factors that influence international differences in financial reporting. LO3+LO4) D3: Critically evaluate the application of IFRS in application to specific countries and differences in financial reporting based on models and theories. - Use your own Opinion and your own language to evaluate ( Discuss the Advantages and Disadvantages of IFRS application to different countries) - Give examples of at least three countries. - Give your own recommendations for how to overcome the differences between different countries in financial reporting based on models and theories (Models of Auditing, Equity theories, Shareholder theory and Legitimacy theory)