Identify TWO (2) financial statements from the USA and Europe Listed Company from the same industry...

 

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Identify TWO (2) financial statements from the USA and Europe Listed Company from the same industry and answer the following questions: 1. Compare and contrast the financial statement of these two-business organization in term of accounting method and policies on the followings. a) Revenue recognition b) Fair value accounting c) Investment d) Depreciation e) Derivate 2. Explain the qualitative characteristics of useful information. (Discuss the presentation of financial statement of both companies) You have decided to invest RM50,000 in one of the companies above. However, as the first timer, you have a limited knowledge in investment. Equipped with accounting background, you believed that Financial Statements should provide information to assist the users in making better decision for investment: - Required: (a) Discuss the information that could provide better investment decision. (b) State the company you would like to invest. () Explain your answer in (b). Identify TWO (2) financial statements from the USA and Europe Listed Company from the same industry and answer the following questions: 1. Compare and contrast the financial statement of these two-business organization in term of accounting method and policies on the followings. a) Revenue recognition b) Fair value accounting c) Investment d) Depreciation e) Derivate 2. Explain the qualitative characteristics of useful information. (Discuss the presentation of financial statement of both companies) You have decided to invest RM50,000 in one of the companies above. However, as the first timer, you have a limited knowledge in investment. Equipped with accounting background, you believed that Financial Statements should provide information to assist the users in making better decision for investment: - Required: (a) Discuss the information that could provide better investment decision. (b) State the company you would like to invest. () Explain your answer in (b).

Answer rating: 100% (QA)

1 a Revenue recognition USA Generally revenue is recognized when it is earned which is typically when goods are delivered or services are rendered Eur... View the full answer