Order ID:89JHGSJE83839 | Style: APA/MLA/Harvard/Chicago | Pages:5-10 |
Instructions:
Assignment on International Accounting
Chinese Convergence vs. General Motors and Japanese Convergence
Since 1938, General Motors Corp. has been the world’s largest carmaker, with sales leading the industry worldwide. With manufacturing activities in 32 countries and sales operations in 200, GM employs over 324,000 people worldwide.
GM has its own manufacturing plants around the world, but it also has global partners in Italy, Japan, South Korea, Germany, France, and China. Fuji Heavy Industries Ltd., Isuzu Motors Ltd., and Suzuki Motor Corporation are its global partners in Japan. It has a vehicle production partnership with Shanghai Automotive Industry Corp. in China.
Use APA rules and references in your contributions as needed. Include your name and page numbers on your entries.
The fact that both Japan and China have financial reporting and measuring standards that differ from both US GAAP and IFRS promulgated by the IASB is a huge hurdle for GM. Assume you’ve recently been hired as an intern at GM, and your first duty is to look at China’s financial reporting standards’ convergence with US or IAS GAAP since 1999. Compare and contrast China’s and Japan’s historical convergence paths during the same time span.
What societal ideals and economic interests have led to the development of disparate financial reporting standards in the two Asian countries?
What societal ideals and economic interests have led to the development of identical financial reporting rules in the two Asian countries?
Websites to visit:
www.iasplus.com
www.asb.or.jp
RUBRIC |
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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Assignment on International Accounting