Question: part D, E and F ASSESSMENT ACTIVITY: FINANCIAL STATEMENTS DIFFERENCES (Air France) 20 points OBJECTIVES 1. Describe the critical role of international perspectives in the

part D, E and F

ASSESSMENT ACTIVITY: FINANCIAL STATEMENTS DIFFERENCES (Air France) 20 points OBJECTIVES 1. Describe the critical role of international perspectives in the application of accounting 2. Discuss how differences in culture, the legal system, and the socio-economic environment impact the interpretation and analysis of financial information in different countries. 3. Improve your skills related to global financial information 4. Discuss the need for the creation of uniform accounting standards of international application. Instructions: 4. Use the TERS Financial Statements AIR France (included in Moodle) 5. Identify 3 differences per Financial Statements. 6. The comparison should be based between IFRS vs US GAAP (Financial Statements). 7. Use the following template (you can upload a photo containing your answers). D. BALANCE SHEET (9 points) 1. O 3. E. INCOME STATEMENT (6 points) 1. 2 F. CASH FLOWS (5 points) 1. 2

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