Accounting Assignment | Custom Assignment Help

China Petroleum and Chemical Company (CPCC) is an oil and gasoline firm based mostly in Beijing, China. Learn the case on pages 329—336 of your guide, which works into element about how CPCC “gives a reconciliation of earnings and stockholders’ fairness from Chinese language GAAP to IFRS.” In the meantime, for North American shareholders, “the corporate additionally gives a reconciliation of internet earnings and stockholders’ fairness from IFRS to U.S. GAAP.” After you have learn the case in its entirety, create an preliminary submit that addresses the next: 1. What do you consider to be the important thing variations in CPCC’s outcomes between:

  • PRC GAAP and IFRS?
  • IFRS and U.S. GAAP?

2. For CPCC’s worldwide viewers, ought to readers of those monetary statements in the UK discover the data helpful? How about readers from america? Clarify why or why not. three. Would you suggest that different corporations undertake the a number of requirements strategy taken by CPCC? Clarify why you're making your advice. Your preliminary submit ought to totally handle the questions above and be supported with analysis. Be sure you correctly cite your reference(s).Get accounting project homework assist