Daimler AG Case: Developing An Eye For IFRS

The case that follows aims to help students develop a better understanding of International Financial Reporting Standards (IFRS). This case uses the financial statements and accounting policies note for a company that reports under IFRS, Daimler AG. Students must identify accounting and reporting treatments Daimler exhibits under IFRS that would be different if the company applied US Generally Accepted Accounting Principles (GAAP) instead. This case is appropriate for use in the first intermediate accounting course or an international accounting course. The case, as prepared, is based upon Daimler’s 2014 financial statements, but it easily could be adapted to work with a different year or even a different company.