Select one of the 5 foreign countries we have studied this term: China, Germany, Japan, Mexico or the United Kingdom, and provide a country profile discussing the topics outlined below. In addition, using EDGAR (http://www.sec.gov/edgar.shtml), find the non-U.S. GAAP financial statements for a company from that country.
This project is due in week 3. Your presentation to the class will be made in week 4. Based on your readings, use of technology, research of literature, and other sources make sure your project includes the following:
Prepare a 4-5-page analysis of the country you chose discussing the following:
Compare the accounting profession in your selected country including professional conduct rules
Identify how the accounting standard are set in that country
Identify two financial reporting standards that differ from those of U.S. GAAP
Identify national characteristics unique to the country that influence accounting
For the two financial reporting standards identified in your paper, use Excel to create an applicable supporting schedule that provides an example of the adjustments that would need to be made to your foreign company’s financial statements for it to comply with U.S. GAAP.
Present your project to the class for discussion in week 4.
· The report should be 4-5 pages in total (not including cover page, abstract, or references)
· Include the Excel spreadsheet(s) as exhibits in your paper
· Include a minimum of 2 scholarly sources from the KU Library, EDGAR resource and FASB proposed standard.
· All sources used are to be cited in APA format
Week 3: Submit your 4-5 page analysis and excel spreadsheet
Week 4: Present and discuss your project