preparation, KT&G established responses to for the major differences and decided on the company's accounting policies. In the third-phase preparation, the company prepares financial statements based on K-IFRS.
KPMG Samjung Accounting Corporation audited the accompanying non-consolidated balance sheets of KT&G Corporation as of December 31, 2008 and 2007, and the related non-consolidated stateme
financing assets.
Total Asset Turnover Ratio
Total Asset Turnover measures the sale generated
per dollar of assets
Two company show very similar Asset turnover
; quite low
It result from the fact that they are automobile
manufacturing company
Operating performance & Financial position - HONDA
Preparing for the Future
economic slowdowns
global po
a common accounting system
that is perceived as stable, transparent, and fair to investors across the world,
whether local or foreign.
●Risk Evaluation : IFRS will eliminate barriers to cross-border listings and will
be beneficial for investors who generally ascribe a risk premium if the
underlying financial information is not prepared in accordance with
international standards.
financial markets, the demand of acquiring fund to
participate in International capital market was getting higher in Germany but there
were many differences between German accounting standard and US-GAAP.
They had to prepare dual F/S.
∙ German government allowed its national companies to use IFRS and US-GAAP
to solve these problems.
W