Below is the Daimler Benz (MB)’s 2022 Annual Report prepared under IFRS: Daimler 2022 Annual ReportLinks to an external site.Also, below, you can find a hyperlink to the year ended December 31, 2022,

Below is the Daimler Benz (MB)’s 2022 Annual Report prepared under IFRS:

Daimler 2022 Annual ReportLinks to an external site.

Also, below, you can find a hyperlink to the year ended December 31, 2022, General Motors Corporation financial (annual) report prepared under the US GAAP:

General Motors Company Annual Report 2022Links to an external site.

Your client has asked you for some advice about how to compare Mercedes Benz (MB) to General Motors (GM) for a potential common stock investment. Your client has also accessed these financial (annual) reports and cannot make ‘heads or tails’ of what they mean and how the results of these two giants in the car industry really compare to each other. Your client has asked you to help by preparing a summary and a financial comparison of one to the other, including some financial ratios which you should choose (which can be liquidity, solvency, or profitability-related ratios) and which are important to your client.

For your initial posting for this Discussion, summarize for your client in plain English with supporting analyses where required answers to the three of the following five questions. Please copy and paste in bold type each question into your initial response:

Some of the key differences in the basis of preparation of the two financial (annual) reports for MB and GM. Refer to what you learned in the earlier modules of this course and what you learned in this module to answer this question.
Free cash flow is important to your client when deciding whether to invest in the common stock of any company. Compare the free cash flow using the Statement of Cash Flows for MB under both bases of accounting to GM. Briefly explain the results and how they may or may not be comparable to each other as well as why or why not.
Pick one other key ratio in each of the following areas: liquidity, solvency, and profitability. Compare the ratios for the last two or three years for MB under both bases of accounting to GM. Briefly explain the results and how they may or may not be comparable to each other as well as why or why not.
Summarize what you learned from this discussion and exercise about the potential problems that may arise between foreign firms reporting under local statutory financial reporting rules, IFRS, and a competitor in the US reporting only under the US GAAP.
Did the SEC have in the public interest the decision to eliminate the reconciliation by foreign registrants of their IFRS-prepared financial statements to the US GAAP? See this article regarding the SEC’s decision in 2006: SEC Eliminates Reconciliation Requirement for Foreign Companies; AICPA Recommends SEC Use International Accounting StandardsLinks to an external site.. Why or why not, in your opinion?

Share This Post

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

Review the scenario and watch this week’s videos before you complete the activity below. This scenario can also be found in the “Problems – Series A” section 8-19A of Ch. 8, “Performance Evaluation” o

Review the scenario and watch this week’s videos before you complete the activity below. This scenario can also be found in the “Problems – Series A” section 8-19A of Ch. 8, “Performance Evaluation” of Fundamentals of Managerial Accounting Concepts. Scenario: The Redmond Management Association held its annual public relations luncheon in April Year 2.

Topic: Interpret income tax disclosures in financial statements In this discussion, please reflect on the previous weeks’ topics. Choose a topic you find to be difficult or hard to understand. Researc

Topic: Interpret income tax disclosures in financial statements In this discussion, please reflect on the previous weeks’ topics. Choose a topic you find to be difficult or hard to understand. Research this topic using AI (Copilot or Chatgpt.com, for example) and present your findings. Include a summary of the topic,

In this discussion, please research pension plans and post-retirement benefits for several public corporations. Find one with a defined benefit plan and one with a defined contribution plan. Interpret

In this discussion, please research pension plans and post-retirement benefits for several public corporations. Find one with a defined benefit plan and one with a defined contribution plan. Interpret the notes disclosing the plans, reviewing the notes and explaining the post-retirement benefits that the corporations offer. This discussion supports CO-3 by

Write 200–250 words that respond to the directions below with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas. There are two ways for companies t

Write 200–250 words that respond to the directions below with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas. There are two ways for companies to borrow money. They can sign a note to borrow money from a bank or they can issue

Write 200–250 words that respond to the following questions with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas. Please complete the following:

Write 200–250 words that respond to the following questions with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas. Please complete the following: An entrepreneur is someone who has a passion and desire to organize and operate their own business. Using a business plan, an

Company: Samsung In this discussion, research income tax disclosures for a public corporation and access the impact of the tax differences on the income statement. Research this topic using AI (Copil

Company: Samsung In this discussion, research income tax disclosures for a public corporation and access the impact of the tax differences on the income statement. Research this topic using AI (Copilot or Chatgpt.com, for example) and present your findings. Include a summary of the topic, and what you learned after

KEONIA- UP TO 12/5/2025- *** IMPORTANT: PLEASE MAKE SURE THAT ALL WORK IS AUTHENTIC- DO NOT USE AI/ PLAGERISE AS THE ASSIGNMENT WILL BE RUN THROUGH TURN IT IN!!!!!* **** THIS ASSIGNMENT HAS 4

KEONIA- UP TO 12/5/2025- ***** IMPORTANT: PLEASE MAKE SURE THAT ALL WORK IS AUTHENTIC- DO NOT USE AI/ PLAGERISE AS THE ASSIGNMENT WILL BE RUN THROUGH TURN IT IN!!!!!***** ****** THIS ASSIGNMENT HAS 4 PARTS / PLEASE LABEL EACH PART SEPARATELY WITH REFERENCES WHEN COMPLETED****** **** FISCAL ACCOUNTABILITY **** PART

Write 200–250 words that respond to the following questions with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas. For this Discussion Board, ple

Write 200–250 words that respond to the following questions with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas. For this Discussion Board, please complete the following: A virtual business is any kind of business that is run via the Internet. With no physical location

Write 200–250 words that respond to the directions below with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas. Payroll has many different parts.

Write 200–250 words that respond to the directions below with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas. Payroll has many different parts. Not only is the employee paying taxes, but the employer is also paying additional payroll taxes. Watch the following

Company: Tesla In this discussion, please reflect on this weeks’ topics of corporate bonds and long-term debt. Choose a public corporation and evaluate the bond disclosure notes included with the fin

Company: Tesla In this discussion, please reflect on this weeks’ topics of corporate bonds and long-term debt. Choose a public corporation and evaluate the bond disclosure notes included with the financial statements. Research this topic using AI (Copilot or Chatgpt.com, for example) and present your findings. Minimum 250 words At

Write 200–250 words that respond to the following questions with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas. For this Discussion Board, ple

Write 200–250 words that respond to the following questions with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas. For this Discussion Board, please complete the following: When multiple employee personalities come into one business unit, there is a possibility of conflict happening.

Write 200–250 words that respond to the directions below with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas. Internal controls are an important

Write 200–250 words that respond to the directions below with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas. Internal controls are an important part of business operations. Internal controls are used to protect assets. Both companies and individuals use internal controls. Companies

Module 1 – SLPFinancial ReportingAssignment OverviewTraditional and Triple Bottom Line Reporting For managers in all departments, analyzing Traditional and Triple Bottom Line Reporting is important fo

Module 1 – SLPFinancial ReportingAssignment OverviewTraditional and Triple Bottom Line Reporting For managers in all departments, analyzing Traditional and Triple Bottom Line Reporting is important for making informed decisions that balance financial performance with social and environmental responsibility. It helps managers align strategies with sustainability goals, drive innovation, and support

Module 1 – CaseFinancial ReportingAssignment OverviewCompare Traditional Reporting vs. TBL Reporting Traditional reporting focuses solely on financial performance, while Triple Bottom Line (TBL) repor

Module 1 – CaseFinancial ReportingAssignment OverviewCompare Traditional Reporting vs. TBL Reporting Traditional reporting focuses solely on financial performance, while Triple Bottom Line (TBL) reporting evaluates financial, social, and environmental impacts, providing a broader view of a company’s sustainability and long-term value creation. In analyzing trends over five years of financial

Write 200–250 words that respond to the directions below with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas. Adjusting entries are used to make

Write 200–250 words that respond to the directions below with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas. Adjusting entries are used to make sure that all revenue and expenses are recorded in the correct period. Last week you learned about four

Write a 1–2 page executive summary, along with an appendix of supporting information, in which you analyze an organization’s financial performance as well as its level of risk for lending and make and

Write a 1–2 page executive summary, along with an appendix of supporting information, in which you analyze an organization’s financial performance as well as its level of risk for lending and make and present a recommendation to help leadership make a loan decision. Collapse AllIntroduction This portfolio work project will

Listed below are several terms and phrases associated with the accounting concepts. Pair each item from List A with the item from List B that is most appropriately associated with it. 1. Expense recog

Listed below are several terms and phrases associated with the accounting concepts. Pair each item from List A with the item from List B that is most appropriately associated with it. 1. Expense recognition 2. Periodicity 3. Historical cost principle 4. Materiality 5. Revenue recognition 6. Going concern assumption 7.

Module 1 – CaseFinancial ReportingAssignment OverviewCompare Traditional Reporting vs. TBL Reporting Traditional reporting focuses solely on financial performance, while Triple Bottom Line (TBL) repor