The 2010 Annual Report of PSA Peugeot Citroen Essay

The 2010 Annual Report of prostate specific antigen Peugeot Citroen - Essay ExampleAMF is the French regulator or the counterpart of Securities and Exchange Commission (SEC) in the US. Its manipulation therefore in the development of financial reporting in France would be the akin as SEC. It is tasked along with SEC to develop principles on cooperation in the care of markets and market participants whose operations cross external borders (Casey, 2010). In the US, SEC adopts the issuance of FASBs on accounting standards on financial reporting and so with the same reason that AMF will give the legal force by accounting standards set by the standard-setting board in France.The AMF was established with the task of ensuring or protect public savings invested in financial instruments as well all other investment that would result or metalize in a public offering. It in any case has supervision of the prepared financial information as conveyed to investors. It has, therefore, is the pur pose of effectively promoting the proper running of financial markets. Its contribution to France regulation of these markets extends in European and international level (International Monetary Fund, 2005).The European Unions Fourth Directive allows four income statements format. Explain the structure of PSA Peugeot Citroens income statement on knave 204 in terms of the options allowed below the Fourth Directive and IAS 1.In addition to AMF, the European Unions Fourth Directive can affect how PSA should present is financial report to users. The said directive, in particular, allows four income statements format. Explaining the structure of PSA Peugeot Citroens income statement on page 204 in terms of the options allowed under the Fourth Directive and IAS 1 could give an insight how to interpret PSA financial statements for 2010.The structure of the companys income statement on page 204 appears to be consistent with options allowed under Article 25 of the Fourth Directive of the EU (EUR.Lex, 2011). The format under Article 25 starts with turnover, which must be reduced by the cost of sales, to get the gross profit loss.