You are asked to prepare and submit a research paper highlighting accounting standards and practices used in a foreign country of your choosing. Include a contrast/comparison of accounting methodologies used by at least one large corporation (operating in your chosen foreign country) against the accounting methodologies used by a U.S.-based corporation in the same or similar industry. The research paper should be word-processed and the body should be between 8-16 pages in length (excluding a cover page, table of contents, and exhibits…).
When starting your INTB3350-01 research project, I recommend the following steps:
1. Choose a foreign country to research. Since the research paper you are about to write should be personally significant, I recommend basing it on a foreign country of special interest to you.) Also, the following link will show a listing of countries by GDP: https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal).
2. Research medium- to large-sized service firms (ex: telecommunications, media, travel…), merchandise/wholesale firms (retailers…) or manufacturing firms (ex: automakers, airline manufacturers, ship builders, device makers, computer makers, cell phone makers) to find one whose financial statements are available online and has a U.S. competitor whose financial statements are also available online.
3. Next, you are ready to commence with researching your country of choice and writing your research paper:
Shown below are elements of a typical research paper for an Global Accounting class. You are encouraged to include most of these elements and include any other information you believe could enhance your paper.
Elements of the Research Paper
I. Country Information (15%)
o Country Introduction, Origin & Brief History, Vital Statistics & Population data o Introduction to Countrys Legal System, Political System, Economic System
o Business Landscape: Environment, relevant history, and evolution.
II. Accounting Environment (25%)
o Accounting History & Evolution; Accounting Standards Adopted o Dominant Accounting Methodologies/Considerations
III. Company Profile (50%)
o Company Description, Background, Products & Services
o Company Financial Reporting standards, norms, and practices
o Company Financial Statement evaluation
o Contrast Companys Financial Statement preparation & reporting with that of a comparable U.S.
IV. Conclusion (10%)
V. Work Cited