FEMSA 2007: the Financial Statement Analysis Impact of Differences in Mexican and US Gaap (Generally Accepted Accounting Principles ) (Case Study‪)‬

CASE DESCRIPTION The primary goal of this case is to have students recognize the impact that the use of a different set of generally accepted accounting principles (GAAP) may have on the analysis of an international company's financial statements. Another goal of the case is to reinforce to students that in order to make sound judgments when evaluating the performance of any corporation that the financial information analyzed needs to be prepared on a consistent basis. This case has a difficulty level of three to five and is targeted for use by accounting or finance students in any of the following: 1.) the last course of the intermediate accounting sequence; 2.) a senior level international accounting course, 3.) an undergraduate or graduate level financial statement analysis course or 4) a graduate level financial accounting course. One hour of class time should be sufficient to handle the case discussion and students should budget 1-3 hours of time for the preparation of case responses.