Chance #1: Mercedes Benz
Beneath is the Mercedes Benz (MB)’s 2018 Annual Report prepared under IFRS:
Daimler: Annual Report 2018 (Hyperlinks to an exterior web site.)
Determine any two of the financial statements: the consolidated steadiness sheet (assertion of financial place), the consolidated income assertion (assertion of income or assertion of full income), or the assertion of cash flows for MB. Recast the two chosen financial statements and present the statements following/in accordance with the US GAAP, presentation-wise, as exactly as it’s possible you’ll (you do not need to restate any of the outcomes for MB on this course of — merely work with the outcomes as provided). The recasted financial statements must be an Exhibit or Appendix to your paper. Describe in an relevant diploma of component the variations that resulted everytime you recasted your chosen financial statements from the IFRS to US GAAP, supported with references from the readings on this module or outside references, the place relevant.
Write a paper of Three-4 pages in dimension, not counting the title and reference pages, which you must embrace.
The recasted financial statements must be an Exhibit or Appendix to your paper.
Use phrases, proof, and concepts from class readings, along with expert enterprise language.
Cite a minimum of Three credible, tutorial or expert sources for this mission, outside of the