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Create a 18 page essay paper that discusses Why Does the Difference in the Presentation of Accounting and Financial Data Matter.The difference in the formation of the reports is difficult for the inte
Create a 18 page essay paper that discusses Why Does the Difference in the Presentation of Accounting and Financial Data Matter.
The difference in the formation of the reports is difficult for the interested parties to understand and it provides difficulty in the evaluation of the companies. In this case, the ratio analysis is the best means for the evaluation of the companies. Due to the difference of the accounting principles of the companies, the accounting boards of IFRS and the US GAAP are working towards a convergence of the standards. This will solve the difficulty of the different companies operating around the world. .
The name of Rolls Royce brings to mind the image of a sophisticated high-class car. The company was set up to manufacture the high-class car in the first place. However, as the group grew the company was split and the license for the manufacturing of the cars was granted to BMW. In the present day, BMW manufactures the coveted car. The coveted trademarks are used by the parent group in the name of the Rolls Royce Plc. The group has been one of the renowned names in the engineering industry and operates in the aerospace and the marine sector. The clients of the company are the defense organizations of most of the countries. The brand has been synonymous with the quality of the products and its rich heritage has been drawing customers from all over the world. It is headquartered in London and follows the accounting principles of the country in publishing its reports.
GE or the General Electric has been the frontrunner in the global electronics industry. Like that of the Rolls Royce, the main focus of the company has been the energy sector. The company has a rich heritage dating back to the days of Thomas Edison. From the days of Edison, the company has been involved in the innovation of different techniques in the electronics sector. In its modern stature, the company has carried on its past heritage and created a global name for it. The global brand has been instrumental in the success of the company. The innovation in the company has been carried on from the days of Edison. The company has its main office in the USA. In its financial reports, the company uses the American GAAP principle.
