Question: I need help making an applicable support schedule through Excel that provides an example of the adjustments that would need to be made to the
I need help making an applicable support schedule through Excel that provides an example of the adjustments that would need to be made to the financial statements of a Chinese company that may be in the EDGAR database, to be U.S. GAAP, with these two points:
1. Chinese GAAP requires the use of the accrual basis of accounting, while US GAAP allows the use of the accrual or cash basis.
2. Chinese GAAP requires disclosure of related party transactions, while US GAAP does not.
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