Arctic Automotive Co. Case: EVs, EV Batteries And IFRS
The Arctic Automotive Co. case calls for students to convert a foreign company’s International Financial Reporting Standards (IFRS) basis financial statements to a U.S. Generally Accepted Accounting Principles (U.S. GAAP) basis. The case is set in the electric vehicle (EV) manufacturing industry. A...
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ftunivnorthcag:oai:libres.uncg.edu/36993 2024-02-11T10:00:46+01:00 Arctic Automotive Co. Case: EVs, EV Batteries And IFRS Brackney, Ken S. NC DOCKS at Appalachian State University 2019 http://libres.uncg.edu/ir/asu/f/Brackney_Kennard_2019_Arctic Automotive_EVs_EV_Batteries.pdf English eng http://libres.uncg.edu/ir/asu/f/Brackney_Kennard_2019_Arctic Automotive_EVs_EV_Batteries.pdf 2019 ftunivnorthcag 2024-01-27T23:48:08Z The Arctic Automotive Co. case calls for students to convert a foreign company’s International Financial Reporting Standards (IFRS) basis financial statements to a U.S. Generally Accepted Accounting Principles (U.S. GAAP) basis. The case is set in the electric vehicle (EV) manufacturing industry. A fictitious U.S. auto manufacturer is seeking to acquire a manufacturer of EV batteries. One of several possible target companies is based outside the U.S. and uses IFRS for reporting purposes. To properly evaluate the foreign target from a financial perspective, the U.S. auto maker must perform a conversion of the target’s IFRS financial statements to a U.S. GAAP basis. The case aims to provide students with some experience in: (1) Identifying differences between IFRS and U.S. GAAP; (2) Researching and applying the IFRS and U.S. GAAP standards; and (3) Converting a foreign company’s IFRS balances to a U.S. GAAP basis. Other/Unknown Material Arctic University of North Carolina: NC DOCKS (Digital Online Collection of Knowledge and Scholarship) Arctic |
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University of North Carolina: NC DOCKS (Digital Online Collection of Knowledge and Scholarship) |
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The Arctic Automotive Co. case calls for students to convert a foreign company’s International Financial Reporting Standards (IFRS) basis financial statements to a U.S. Generally Accepted Accounting Principles (U.S. GAAP) basis. The case is set in the electric vehicle (EV) manufacturing industry. A fictitious U.S. auto manufacturer is seeking to acquire a manufacturer of EV batteries. One of several possible target companies is based outside the U.S. and uses IFRS for reporting purposes. To properly evaluate the foreign target from a financial perspective, the U.S. auto maker must perform a conversion of the target’s IFRS financial statements to a U.S. GAAP basis. The case aims to provide students with some experience in: (1) Identifying differences between IFRS and U.S. GAAP; (2) Researching and applying the IFRS and U.S. GAAP standards; and (3) Converting a foreign company’s IFRS balances to a U.S. GAAP basis. |
author |
Brackney, Ken S. NC DOCKS at Appalachian State University |
spellingShingle |
Brackney, Ken S. NC DOCKS at Appalachian State University Arctic Automotive Co. Case: EVs, EV Batteries And IFRS |
author_facet |
Brackney, Ken S. NC DOCKS at Appalachian State University |
author_sort |
Brackney, Ken S. |
title |
Arctic Automotive Co. Case: EVs, EV Batteries And IFRS |
title_short |
Arctic Automotive Co. Case: EVs, EV Batteries And IFRS |
title_full |
Arctic Automotive Co. Case: EVs, EV Batteries And IFRS |
title_fullStr |
Arctic Automotive Co. Case: EVs, EV Batteries And IFRS |
title_full_unstemmed |
Arctic Automotive Co. Case: EVs, EV Batteries And IFRS |
title_sort |
arctic automotive co. case: evs, ev batteries and ifrs |
publishDate |
2019 |
url |
http://libres.uncg.edu/ir/asu/f/Brackney_Kennard_2019_Arctic Automotive_EVs_EV_Batteries.pdf |
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Arctic |
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Arctic |
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Arctic |
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Arctic |
op_relation |
http://libres.uncg.edu/ir/asu/f/Brackney_Kennard_2019_Arctic Automotive_EVs_EV_Batteries.pdf |
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1790596474934919168 |