Ppe Ifrs Us Gaap
Financial Reporting under
IFRS and US GAAP | | | University of Economics in Prague | | | Financial Reporting under IFRS and US GAAP |
Property, Plant and Equipment
Content
Introduction - The companies 2
Specific Questions 5
Sources 19
Introduction - The companies
AUTOMOTIVE INDUSTRY
GENERAL MOTORS as representative of U.S. GAAP
General Motors from the U.S. Detroit is, together with Toyota, the largest car manufacturer in the world. The company was established in 1908 by William C. Durant and Charles Stewart Mott, and then after its bankruptcy again in 2010 - November 18. It scored the infamous record as the third largest bankruptcy in the U.S., and the largest carmaker bankruptcy in history. Following the restructuring of GM is the majority owner the United States government, which has invested in saving the automaker 50 billion $. GM is now again #1 in total vehicle sales in the world 's two largest auto markets, China and the U.S., and well positioned in fast-growing emerging markets like Brazil, Russia and India. GM returned to the first place with 9.025 million units sold worldwide, corresponding to 11.9% market share of the global motor vehicle industry in 2011. General Motors’ dynamic brands offer a comprehensive range of vehicles in more than 150 countries around the world: Chevrolet, Buick, GMC, Cadillac, Baojun, Opel etc.
Revenue | 150.28 billion $ | Employees | 202 000 in 158 facilities around 6 continents, 21 000 dealers | Equity | 38.99 billion $ |
HYUNDAI as representative of IFRS
Hyundai belongs to the world famous car manufacturer, but it was founded by Chung Ju-yung as s construction company in 1947. As a car manufacturer it was established in 1967. In 2011 Hyundai reached 5, 35% market share of the global industry with 4 059 438 cars sold worldwide. Hyundai is ranking 61st among the world’s top 100 brands. Vehicles are sold in 193 countries. Company ´s goal is not to be the worlds’ biggest
IFRS and US GAAP | | | University of Economics in Prague | | | Financial Reporting under IFRS and US GAAP |
Property, Plant and Equipment
Content
Introduction - The companies 2
Specific Questions 5
Sources 19
Introduction - The companies
AUTOMOTIVE INDUSTRY
GENERAL MOTORS as representative of U.S. GAAP
General Motors from the U.S. Detroit is, together with Toyota, the largest car manufacturer in the world. The company was established in 1908 by William C. Durant and Charles Stewart Mott, and then after its bankruptcy again in 2010 - November 18. It scored the infamous record as the third largest bankruptcy in the U.S., and the largest carmaker bankruptcy in history. Following the restructuring of GM is the majority owner the United States government, which has invested in saving the automaker 50 billion $. GM is now again #1 in total vehicle sales in the world 's two largest auto markets, China and the U.S., and well positioned in fast-growing emerging markets like Brazil, Russia and India. GM returned to the first place with 9.025 million units sold worldwide, corresponding to 11.9% market share of the global motor vehicle industry in 2011. General Motors’ dynamic brands offer a comprehensive range of vehicles in more than 150 countries around the world: Chevrolet, Buick, GMC, Cadillac, Baojun, Opel etc.
Revenue | 150.28 billion $ | Employees | 202 000 in 158 facilities around 6 continents, 21 000 dealers | Equity | 38.99 billion $ |
HYUNDAI as representative of IFRS
Hyundai belongs to the world famous car manufacturer, but it was founded by Chung Ju-yung as s construction company in 1947. As a car manufacturer it was established in 1967. In 2011 Hyundai reached 5, 35% market share of the global industry with 4 059 438 cars sold worldwide. Hyundai is ranking 61st among the world’s top 100 brands. Vehicles are sold in 193 countries. Company ´s goal is not to be the worlds’ biggest