) As examples of differences between countries, we can note that there are numerous differences between Daimler Group and Ford Motor Company - differences such as: 1. Differences in the financial statements included in an annual report. 2. Differences in the format used to present individual financial statements. 3. Differences in the level of detail provided in the financial statements. 4. Terminology differences. 5. Disclosures differences. 6. Recognition and measurement differences