Select one U.S. Multinational Corporation (MNC) that reports its financial statements using U.S. GAAP and a similar foreign company that reports it financial statements under IFRS. How does the company report revenues under each standard. Prepare a comparative Excel spreadsheet that shows how the company’s revenue information would differ if it is presented under U.S. GAAP and under IFRS. Discuss and evaluate the differences in the information reported. Embed your Excel spreadsheet in your paper. Submit copies of these financial statements for reference.
This research paper requires a minimum of two scholarly references: academic journals, professional journals, and/or appropriate authoritative references such as FASB Codification System, COSO, COBIT, Audit Standards, etc.
Be sure to provide specific examples throughout your paper to back up your statements
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