Ppe Ifrs Us Gaap

4837 Words Feb 11th, 2013 20 Pages
Financial Reporting under
IFRS and US GAAP | | | University of Economics in Prague | | | Financial Reporting under IFRS and US GAAP |
Property, Plant and Equipment
Content

Introduction - The companies 2
Specific Questions 5
Sources 19

Introduction - The companies
AUTOMOTIVE INDUSTRY
GENERAL MOTORS as representative of U.S. GAAP
General Motors from the U.S. Detroit is, together with Toyota, the largest car manufacturer in the world. The company was established in 1908 by William C. Durant and Charles Stewart Mott, and then after its bankruptcy again in 2010 - November 18. It scored the infamous record as the third largest bankruptcy in the U.S., and the largest carmaker bankruptcy in history. Following the
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Nike markets its products under its own brand, as well as Nike Golf, Nike Pro, Nike+, Air Jordan, Nike skateboarding, and its subsidiaries including Cole Haan, Hurley International, Umbro and Converse. Nike is the world´s leading supplier of athletic shoes and apparel, as well as a major manufacturer of sports equipment, which operates in more than 170 countries. So it is engaged in the design, development and worldwide marketing and selling of footwear, equipment, accessories, apparel and services. The motto of this company is: To bring inspiration and innovation to every athlete in the world.

Revenue | 20.862 billion $ | Employees | 44 000 | Equity | 10.381 billion $ |

ADIDAS as representative of IFRS
Adidas is a German multinational corporation. It was founded in 1948 in Herzogenaurach in Germany by Adolf Dassler. This company belongs also with Reebok, TaylorMade-Adidas golf and Rock port to the holding company named Adidas Group. Its core business is to design and manufacturer clothing (especially sports cloth.) and accessories. Besides sports footwear the production is thus also focused on bags, watches, eyewear, shirts and others. Adidas is the largest sportswear manufacturer in Europe and the second biggest sportswear manufacturer in the world. Adidas strives to be the global leader in the sporting goods industry with brands built upon a passion for sports and a sporting lifestyle. To anticipate and respond to
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