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  • 1 Critically Comment On The Results Reported by CPCC Under

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    The document discusses a company called CPCC reporting its financial results under PRC GAAP, IFRS, and U.S. GAAP. It identifies differences between the standards in areas like net income and stockholders' equity. It asks if readers from the UK and U.S. would find the multiple standards approach and information provided useful, and whether other companies should adopt CPCC's approach.

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    1 Critically Comment on the Results Reported by Cpcc Under

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    The document discusses a company called CPCC reporting its financial results under PRC GAAP, IFRS, and U.S. GAAP. It identifies differences between the standards in areas like net income and stockholders' equity. It asks if readers from the UK and U.S. would find the multiple standards approach and information provided useful, and whether other companies should adopt CPCC's approach.

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    © All Rights Reserved
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    9 views1 page

    1 Critically Comment On The Results Reported by CPCC Under

    Uploaded by

    Let's Talk With Hassan
    The document discusses a company called CPCC reporting its financial results under PRC GAAP, IFRS, and U.S. GAAP. It identifies differences between the standards in areas like net income and stockholders' equity. It asks if readers from the UK and U.S. would find the multiple standards approach and information provided useful, and whether other companies should adopt CPCC's approach.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    1 Critically comment on the results reported by CPCC

    under #3415
    1. Critically comment on the results reported by CPCC under PRC GAAP, IFRS, and U.S.
    GAAP.2. Identify the main areas of difference for CPCC between:a. PRC GAAP and IFRS.b.
    IFRS and U.S. GAAP.3. Should UK readers of these financial statements find the information
    useful?4. Should U.S. readers of these financial statements find the information useful?5.
    Would you recommend that other companies adopt the multiple standards approach taken by
    CPCC? Explain.American shareholders, the company also provides a reconciliation of net
    income and stockholders' equity from IFRS to U.S. GAAP. The following is the section of
    CPCC's 2003 annual report providing this information.Effects of major differences between the
    PRC Accounting Rules and Regulations and IFRS on net profit are analysed as follows:
    View Solution:
    1 Critically comment on the results reported by CPCC under

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