ACC 291 Week 4 Comparing IFRS to GAAP Essay

profilegeniusy_2006
 (Not rated)
 (Not rated)
Chat

Write a 700- to 1,050-word summary of the team's discussion about IFRS versus GAAP, based on your team collaborative discussions. The summary should be structured in a subject-by-subject format. An introduction and a conclusion are needed. Your essay should include the answers to the following:

  • IFRS 8-1: What are some steps taken by both the FASB and IASB to move to fair value measurement for financial instruments? In what ways have some of the approaches differed?
  • IFRS 9-1: What is component depreciation, and when must it be used?
  • IFRS 9-2: What is revaluation of plant assets? When should revaluation be applied?
  • IFRS 9-3: Some product development expenditures are recorded as development expenses and others as development costs. Explain the difference between these accounts and how a company decides which classification is appropriate.
  • IFRS 10-2: Explain how IFRS defines a contingent liability and provide an example.
  • IFRS10-3: Briefly describe some similarities and differences between GAAP and IFRS with respect to the accounting for liabilities.

Format your essay consistent with APA guidelines.

 

Use the Financial Accounting text and at least two additional scholarly-reviewed references.

Click the Assignment Files tab to submit your assignment.

 

 

Contact  for Wiley  Work  of ACC 291  and Latest Finals

(All phoenix courses assignments help provided)

    • 8 years ago
    ACC 291 Week 4 Comparing IFRS to GAAP Essay
    NOT RATED

    Purchase the answer to view it

    blurred-text
    • attachment
      comparing_ifrs_to_gaap_essay.docx