I’m working on a accounting project and need a sample draft to help me study.
The companies are H&M and Nordstrom
Requirements: Financial Statement Presentation For every requirement below don’t forget to analyze the distinctions (if any), show their impact on the accounting equation, and provide examples from your companies Financial Statements
1.Does each entity have equity method investees/associates?
2.Does each entity classify its expenses solely by function without additional disclosure of certain costs by nature (e.g., depreciation and amortization expense, employee benefits expense)?
3.Does each entity disclose changes in equity in the notes to the financial statements? Does it have any impact on reported items?
4.Are any additional line items, headings, or subtotals presented by a public entity because they are relevant to an understanding of the entity’s financial performance?
5.Intangible Assets (Balance Sheet, Assets)
Don’t forget to provide examples from your companies Financial Statements For each requirement below, please analyze the differences (if any) and their impact on the amount of recorded TA and NI. Did the entities incur costs relating to research and development activities (other than software development costs)? Did the entities incur costs relating to computer software that was sold, leased, or otherwise marketed? Did the entities incur costs relating to computer software developed for internal use? Did the entities account for intangible assets at cost? Did the entities incur advertising expenditures?