Demonstrate college-level communication through the composition of original materials in Standard American English. Evaluate the reasoning opposing perspectives on ethical
Evaluate the reasoning opposing perspectives on ethical issues.
Assess the value of multiculturalism and diversity in a global environment.
Within the global environment there is much discussion regarding moving from US GAAP to IFRS. We know that corporations are global now more than ever which results in a diverse group of professional accountant's worldwide working together for a common goal which is to report information for both internal and external users. This diversity does result in variations in practice however the principals and guiding rules and regulations proposed under IFRS will allow for uniformity on a global basis. This move to IFRS from GAAP is not yet finalized however much debated.
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...
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Question Posted: March 05, 2018 10:24:56