Posted: April 2nd, 2015

Critical discussion of the implementation and adoption of the IFRS

Critical discussion of the implementation and adoption of the IFRS

1.    This is an assignment from the “International Developments in Accounting” module that I am currently taking. It is a group assignment, and I am responsible for the PART (d) of this essay. Please read through the assignment brief carefully and write the part d of the assignment. Make sure to follow the instructions from part(d) when writing the essay.

2.    We should focus on answering the following key points in the essay:

A. Discussion of implementation of IFRS globally : benefits ( positive implications) and problems;

B. Discussion of benefits and particular problems in the US adopting IFRS ( discussion of views by influential individuals & parties,);

C. Discussion of the approach to the standard setting process: Rules vs. principles-based standards.

3.    The number of references cited should be around 12.

iDevelo ments in Accountin ACFI 3217

internationGROlJP AsslGNMEN-r (2014,15):

REQUIREMENTS: “sondated Subsidiaries
Using the Annual Reports and Accounts of 39» 9°rp°’a”°” and aged 31 Mamh 2014
and Samsung Electronics Co., Ltd. and Subsggianes for the year 8
compare the performance of the two compan 3′

‘5‘? “fit.
You should: I .ng areas using ratio ‘ g. .‘ if.
(3) Evaluate the performance of Sony and Samsung In the fo
analysis: : 1
Profitability
LiclUiCiity/Solvency
Working capital efficiency
Long term financial structure
lnvestors’ perspective
ach of the areas
0 You should evaluate the performance of both the companies in 6
identified above. I ur analysis
0 You should also use earlier years’ financial accounts to sugtzflirggfnended)
with certain trends that you have identified (past fiv:gfet:e two companies (over
0 Your analysis should cover the performance Offafatest erformance
the last 5 years) and relative to each other for? e . terim resu‘ts that are
0 You should carry out a brief review and agalySis of any In
available. (detailed analysis is not reqwre . _ .‘ab‘e ‘ and
a You should also carry out an analysis of the share prlcfef1 (thsrgaéar’eaSOLS-
comment on any significant changes in the prlce, 9M 9 P
(Weighting 30%)

(b) Using your analysis in part (a) as a basis, discuss the limitationst o; firrt‘fiifiéagfgvz Q
and analysis. You should examples from the finanCIai Statemen 5 ro
compan’es’ (Weighting 10%)
(c) From both a managerial and financial perspective: identify the major challenges faced
by Sony and Samsung and highlight the differing issues brought out from your analySis.
identify and briefly discuss what you consider to be the main issues the companies are
facin (specifying any risks from both a financial and non-finanCIal nature concerning
the cgmpany) in order to improve performance and enhance their reputations Within the
i – rating
ial markets they are ope _ I I I
gnjnschould consider your reaponse using concepts that you are familiar With from a
o – – ti mat and financial markets perspective.
marketing, strategic, opera. 0 _ i T
(You are encouraged to us“ 3Wo a”all’SIs to answer this question)