example demonstrating the translation process , using the two methods , to submit with your paper .
Specifically , the following critical elements must be addressed :
Corporation : The company is also considering structuring its business as a corporation , but is aware that there are a lot of complex issues to consider when accounting for an incorporated entity . The company is concerned about the following key areas :
B . What interim reporting requirements would the company have as a corporation ? Describe the guidance related to interim financial statements under GAAP and IFRS .
C . Generate a hypothetical financial statement illustrating what that interim reporting entails . Ensure all information is entered accurately .
D . Determine if the interim reporting requirements are the same under GAAP and IFRS . Provide an example to support your response .
E . The company also heard that they may have to report some of their business segments separately if they opt to incorporate
1 . Appraise one of the processes used to identify which segments would have to be reported separately . Provide examples to support your response .
2 . How is this process effective in supporting transparency in financial reporting ? Defend your response .
3 . Provide suggestions to improve this process in an effort to sustain transparency . Defend your rationale .
F . When incorporating , it is important to consider whether or not the company ’ s business deals internationally .