确定和处理资产负债表差异：利用财务结构报表，对美国、中国和法国的石油天然气公司进行比较分析

At times in the globalized business world, it is necessary to compare companies across national boundaries. For example, in analyzing the oil and gas industry, a comparison may encompass firms headquartered in different countries. Such comparisons often use accounting information, e.g.comparing firms’ financial structures. While the harmonization of accounting continues to occur throughout the world, there remain differences in how accounting information is reported; this is especially the case with regard to the format or layout used in presenting balance sheets. Consequently, it is important that students be able to both identify such differences, and have a method for coping with them. Using three oil and gas companies located in three different countries (and continents),this case provides a setting for students to develop their ability to identify and cope with accounting differences. It also provides an opportunity for students to develop their financial analysis skills. Students are introduced to two templates: the Simplified Balance Sheet and the Statement of Financial Structure. They are required to work through various concepts of working capital, including working capital need (or “operating working capital”) and net cash. In working with these templates and working capital concepts, students should recognize that they can be applied irrespective of the firm’s balance sheet format (e.g. single- or multiple-step; decreasing or increasing liquidity).