Siemens AG, a German company, is Europe’s largest engineering and electronics company. The company prepares its financial statements according to IFRS.   Required: I need to use the Internet to locate the most recent financial report for Siemens. The address is www.siemens.com. Locate the significant accounting policies disclosure note. How does the company account for research and development expenditures? Does this policy differ from U.S. GAAP?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Siemens AG, a German company, is Europe’s largest engineering and electronics company. The company prepares its financial statements according to IFRS.

 

Required:

I need to use the Internet to locate the most recent financial report for Siemens. The address is www.siemens.com. Locate the significant accounting policies disclosure note.

How does the company account for research and development expenditures? Does this policy differ from U.S. GAAP?

Siemens AG, a German company, Is Europe's largest engineering and electronics company. The company prepares Its financial
statements according to IFRS.
Required:
1. Use the Internet to locate the most recent financial report for Slemens. The address Is iwww.slemens.com Locate the significant
accounting policies disclosure note.
2. How does the company account for research and development expenditures? Does this policy differ from U.S. GAAP?
Transcribed Image Text:Siemens AG, a German company, Is Europe's largest engineering and electronics company. The company prepares Its financial statements according to IFRS. Required: 1. Use the Internet to locate the most recent financial report for Slemens. The address Is iwww.slemens.com Locate the significant accounting policies disclosure note. 2. How does the company account for research and development expenditures? Does this policy differ from U.S. GAAP?
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