Financial Reporting Challenges in a Global Reporting Environment – The Case of SAP

Abstract

The article examines international financial reporting standards and European Union financial regulations as interpreted by SAP AG, a German provider of computer software and support for international business. Provided is a detailed breakdown of the company finances and an explanation of the business principles under which it operates. The piece examines the need for the corporation to adhere to both the Generally Accepted Accounting Principles required by the United States and the International Financial Reporting Standards mandated by the European Union.