GAAP versus IFRS

Paper instructions:
Assignment
3
:
GAAP versus IFRS

Write a three to four (
3
–
4
) page paper in which you:
1.
Asses
s the importance of converting from GAAP to IFRS from a company’s perspective.
Propose three
(3)
benefits U
.
S
. c
orporations will obtain by c
onverting from GAAP to IFRS
.
2.
Identify four
(4)
financial reportin
g differences between U.S. GAAP
and IFRS.
For ea
ch financial
reporting difference
,
take a position on which method would be most beneficial
to financial
statement users
.
3.
Predict
three
(3)
pos
sible problems
that
U.S. corporations may encounter when
converting their
financial statements to IFRS.
Recom
mend three (3) techniques that will enable a
c
orporation to
overcome those obstacles.
4.
Assess
two to four (2
–
4)
long
–
term conversion issues on accounting for leases by the lessees.
Create an argument to support
the
FASB posi
tion on accounting for leases.
5.
C
reate an argument for or against U.S. companies using IFRS accounting exclusively. Provide
support for your argument.
6.
Use
at least three
(
3
) quality academic resources in this assignment.
Note:
Wikipedia and other
Websites do not qualify as academic resou
rces
.
Your assignment must follow these formatting requirements:
?
Be typed, double spaced, using Times New Roman font (size 12), with one
–
inch margins on all
sides; citations and references must follow APA or school

–
specific format
Examine the similarities and differences between U
.
S
.
GAAP and IFRS, and the related
requirements for accounting in the international marketplace.
?
Use technology and info
rmation resources to research issues in advanced accounting.
?
Write clearly and concisely about advanced accounting using proper writing mechanic

PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET AN AMAZING DISCOUNT 🙂