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  2. Explain the major differences between U.S. Generally Accepted Accounting Principles (U.S. GAAP) versus International Financial Reporting Standards (IFRS) reporting in relation to your chosen corporation.

Explain the major differences between U.S. Generally Accepted Accounting Principles (U.S. GAAP) versus International Financial Reporting Standards (IFRS) reporting in relation to your chosen corporation.

This paper is part of final project. See Section I, A and Section V :
I. International Accounting: What are the reporting, standards, and responsibilities to consider?
A. Explain the major differences between U.S. Generally Accepted Accounting Principles (U.S. GAAP) versus International Financial Reporting Standards (IFRS) reporting in relation to your chosen corporation.
V. Control Systems: What are the considerations in designing management control systems for MNCs?
A. Discuss the budgeting methods and pairings that can be used in a MNC. Explain how these methods are different than those used in a domestic organization.
B. Describe management issues related to operating in multiple currencies and tax jurisdictions of the MNC you have chosen.
C. Discuss any impacts on compensation and management performance caused by the differences noted in Item B (above).
I have also attached the rubric and milestone I & II for reference.


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