25 May differences between IFRS and US GAAP.
1.) This week we learned about the differences between IFRS and US GAAP.
Using BOTH the FASB codification and the IFRS standards research these differences.
Pick one of the topics (inventory, PPE, developmental costs, impairment losses etc.)
Tell us how you would handle the accounting if you were choosing the methodology to use.
Tell us your reasoning and use the standards to support your position.
Try to pick a topic not already covered in the class discussions.
Do not forget to show your source in APA format.
Use the web address www.ifrs.org to access the website. Use the ‘search this site’ at the top of the page to look for the IAS you need to access.
2.) We have discussed many differences between U.S. GAAP and IFRS related to the recognition and measurement of assets. Among these differences, which two do you feel are the most difficult to reconcile and why? Be specific in your answer and provide examples.
3.) IFRS has a more “principles based” approach to standard setting, while U.S. GAAP is considered more “rules based.” Which approach do you believe produces the most truthful financial statements? Use revenue recognition as an example and give key points on each side of the argument.
Do not forget to include proper APA formatting.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.