research and analyze the differences in reporting specific transactions between International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles (GAAP) and a local GAAP.  Select  3 companies; one using U.S. GAAP, one using IFRS and one using any country’s local GAAP.  The companies must be in the same industry.  Compare and contrast their reporting of the same transaction e.g. the recording of R&D costs, Goodwill etc.

Research6.docxRequirments: Due by Friday 08/11 Do not use the following companies as I have already use them Shell, Apple, Samsung, Sony,
Case Information: 
This week you will be research and analyze the differences in reporting specific transactions between International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles (GAAP) and a local GAAP.  Select  3 companies; one using U.S. GAAP, one using IFRS and one using any country’s local GAAP.  The companies must be in the same industry.  Compare and contrast their reporting of the same transaction e.g. the recording of R&D costs, Goodwill etc.
Writing/Presentation Requirements:
The body of this paper should be 2 – 3 pages (not including cover page, abstract or references).
This research paper requires a minimum of 2 scholarly references: academic journals, professional journals, and/or appropriate authoritative references such as FASB Codification System, IFRS, etc.