ACCT 4631 – Research Assignment and Presentation 100 Points
Prof. Susan M. Sorensen, Ph.D., CPA
Presentations will be December 3rd and 10th
ALL reports are due December 3, 2009
You must attend both nights to get the full 100 Points
Select two multinational companies (MNEs) with activities in the same dominate industry. One that uses
IFRS/IAS and one that uses U.S. GAAP. Keep in mind that the U.S. GAAP company may be
headquartered in another country as long as that company files its main financial statements using U.S.
GAAP. Email me your choices before you begin so I can approve your choice. Approval indicates only
that the companies have not been selected by another student. This will avoid duplicate presentations.
Use the Similarities and Differences booklet listed on the syllabus and the following other sources to
obtain general information about the items you should be able to find. You may supplement these
booklets with other sources. Please list these at the end of your report.
PWC’s Similarities and Differences - A comparison of IFRS and US GAAP (September 2008)
http://www.pwc.com/extweb/pwcpublications.nsf/docid/598E9D7EDF5239A0852574AB00659431
Deloitte’s “IFRS in your pocket 2009”
http://www.iasplus.com/dttpubs/pocket2009.pdf
KPMG’s “IFRS compared to U.S. GAAP: An overview” August 2009
https://www.in.kpmg.com/securedata/ifrs_Institute/Files/IFRS%20compared%20to%20US
%20GAAP.pdf
E&Y’s Publications
http://www.iasplus.com/dttpubs/pubs.htm
Prepare a 7-8 minute presentation on your companies and their similarities and differences. Think about
how you would compare the financial statements of the two companies given the similarities and
differences you located. Be creative with your presentation. Use it as an opportunity to communicate the
interesting things you discovered in your statements or during your research. Do not just put your 10
differences on slides and read them. This will make a very dull, long two classes. Tell us the interesting,
unique, informative things you noted while reading your statements.
Prepare your report in outline form using the following format:
Company 1 (IFRS/IAS) ____________________
Company 2 (U.S. GAAP) ____________________
1. IFRS/IAS # ___________
SFAS # ___________
How did this affect the financial statements? You may quote directly from the footnotes as long as
you properly acknowledge your source.
2. . . . Make 2 through 10 the same.
Other resources used …………………………….