Choose one company (preferably listed in the Fortune 500 or 1000 list) that uses U.S. GAAP. Compare and analyze the financial statements of that company to those of one non-US Company, in the same industry, which uses IFRS (Take a look at the Fortune Global 500 list for possible choices, although your possible choices are not limited to this list). Each student must choose two different companies.
To clarify: Each student must choose two different companies, in the same industry, one using GAAP and one using IFRS.
Sources to Consult:
There are many places where you can find information, ideas and ways to proceed. At the end of each module in the textbook for this course, there a summaries of key differences between US GAAP and IFRS. In addition, many of the Big 4 accounting firms also maintain websites devoted to this issue.
