[Get Solution] Financial Reporting Standards

Prior to beginning work on this assignment, carefully review Chapter 3 in the text and review the financials contained in the 10-K and 10-Q of PLUG POWER this week from the SEC EDGAR database( https://www.sec.gov/edgar.shtml )in the Filings & Forms (Links to an external site.) page. In particular, read the notes to the audited financial statements included in the 10-K, which will describe accounting policies and standards of the reported financials. Financial reporting standards are useful in the evaluation of any organization. Following standards will allow the comparison of organizations within the same industry. Using your chosen company, provide a critical analysis of the financial reporting methodology your company uses.In your paper,COMPANY NAME: PLUG POWERDescribe the financial reporting framework that your chosen company utilizes.Assess your company’s financial report, based on the qualitative characteristics of Financial Reports as outlined in Chapter 3, on the following criteria:RelevanceFaithfulrepresentationComparabilityVerifiabilityTimelinessUnderstandabilityAssess your company’s financial report, based on the characteristics of an effective financial reporting framework as outlined in Chapter 3, on the following criteria:TransparencComprehensivenessConsistencyReview the Notes section of the annual report for company disclosures that might be material. Consider the following:Describe the policies that have been reported.Explain how the policies have significance in the financial statements or how they do not.The Financial Reporting Standards paperMust be three to four double-spaced pages in length (not including title and references page) and formatted according to APA style as outlined in the Ashford Writing Center’s APA Style (Links to an external site.) guide.Must include a separate title page with the following:Title of paperStudent’s nameCourse name and numberInstructor’s nameDate submitted