Making the right comparisons: Novartis AG
Article Abstract:
A scenario where a securities analyst evaluates the financial performance of Novartis AG under International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (GAAP) is provided to give students a chance to examine the issues giving rise to differences under the two sets of standards. The skills learned in this exercise are useful beyond the IFRS to U.S. GAAP context.
Publication Name: Issues in Accounting Education
Subject: Social sciences
ISSN: 0739-3172
Year: 2007
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GlaxoSmithKline Plc.: international transfer pricing and taxation
Article Abstract:
The tax case of GlaxoSmithKline Plc. regarding underpayment of nearly $30 billion of sales from 1989-1999 provides the backdrop for a case that intends to develop a student's understanding of international transfer pricing and taxation of intangible assets. Students are required to present calculations using various transfer pricing methods and to compute different transfer pricing methods.
Publication Name: Issues in Accounting Education
Subject: Social sciences
ISSN: 0739-3172
Year: 2007
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Besser Pharma: international accounting for pensions
Article Abstract:
Besser Pharma's company background and pension accounting standards in Germany are discussed to give students a basis for learning about pension accounting. Students are asked to reply in a memo to Besser Pharma's CFO a several questions on alternative accounting approaches as allowed by International Accounting Standard no. 19, Employee Benefits.
Publication Name: Issues in Accounting Education
Subject: Social sciences
ISSN: 0739-3172
Year: 2007
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