Compare and contrast the accounting reporting criteria (regulatory environment, issues with foreign currency, differences in GAAP, for Honda Motors Company and Ford Motors Company dealing with the company balance sheets
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Honda Motors Company follows the Japanese GAAP whereas Ford Motor Company follows the US GAAP. If we compare and contrast the accounting reporting criteria for these two companies then with respect to regulatory environment there are differences in the manner in which employee pension is handled by Honda Motors Company.
The reserve for employee retirement benefit is based on actuarial computation that uses the present value of the projected benefit responsibility and pension assets. There is no requirement for additional ...
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