Currently I am working on a project comparing two companies of Annual reports that uses US Gaap and IFRS. Will anyone able to work with me and guide me through out my project?
The two companies are IBM and INFOSYS. I need a 10 page project and I have a list of questions where you need to consider while doing the project. Do you want the list of questions?
1. Who are the companies and what are their purposes?
2. What country is the background for the international competitor?
3. What currency does the international competitor use?
4. Is the international competitor using foreign GAAP or IFRS?
5. Do both companies include letters to the stockholders from the executives? If so, discuss a total of three similarities/differences between the letters.
6. Go to the Management's Discussion and Analysis section for both companies. Discuss a total of five similarities/differences between the sections.
7. Go to the auditors' report for both companies. Explain all differences between the reports. Who is the auditor of each?
8. Go to the income statement for both companies. Discuss a total of three similarities/differences.
9. Go to the balance sheet for both companies. Discuss a total of three similarities/differences.
10. Go to the statement of cash flows. Explain all differences between the statements.
11. Go to the notes to the financial statements. Discuss a total of ten similarities/differences between the sections.
12. In your opinion, which annual report is better for stockholders? Briefly explain.
13. For both companies, prepare vertical and horizontal results of the income statement and balance sheet for the two most recent years. Comment on the results.
14. For both companies, calculate the following ratios for the most recent year ONLY and discuss the results (other ratios may be substituted if the following are not meaningful):
a. Current ratio
b. Quick ratio
c. Inventory turnover
d. Return on Equity
e. Return on Assets
Minimum of 10 pages.