2101AFE International Accounting: Atmos Energy vs. AGL Energy Analysis

This report provides a comparative analysis of the financial statements of Atmos Energy (US) and AGL Energy (Australia), examining their balance sheets and income statements. The analysis highlights differences in format, terminology, and level of detail, reflecting variations between US GAAP and IFRS accounting principles. Specific attention is given to the recognition and measurement of fixed assets, depreciation methods, and asset valuation approaches used by each company. The report concludes that significant differences exist between US GAAP and IFRS, as evidenced by the financial reporting practices of Atmos Energy and AGL Energy. Desklib offers a platform to access this and similar solved assignments for students.