If you were the CFO for a $10 billion a year international company headquartered in Ireland, which accounting rules would you recommend your company to follow U S GAAP or IFRS Are these rules comparable What are the major differences between the two accounting standards What was your rationale for ...

If you were the CFO for a $10 billion-a-year international company headquartered in Ireland, which accounting rules

Question:

If you were the CFO for a $10 billion-a-year international company headquartered in Ireland, which accounting rules would you recommend your company to follow: U.S. or IFRS? Are these rules comparable? What are the major differences between the two accounting standards? What was your rationale for choosing a rule?
GAAP
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...

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 70% (10 reviews)

I will choose to use the IFRS Using IFRS will enhance comparability of financial statements The adoption of IFRS will enable our business to present t...View the full answer

Answered By

ANDREW KIPRUTO

Academic Writing Expert I have over 7 years of research and application experience. I am trained and licensed to provide expertise in IT information, computer sciences related topics and other units like chemistry, Business, law, biology, biochemistry, and genetics. I'm a network and IT admin with +8 years of experience in all kind of environments. I can help you in the following areas: Networking - Ethernet, Wireless Airmax and 802.11, fiber networks on GPON/GEPON and WDM - Protocols and IP Services: VLANs, LACP, ACLs, VPNs, OSPF, BGP, RADIUS, PPPoE, DNS, Proxies, SNMP - Vendors: MikroTik, Ubiquiti, Cisco, Juniper, HP, Dell, DrayTek, SMC, Zyxel, Furukawa Electric, and many more - Monitoring Systems: PRTG, Zabbix, Whatsup Gold, TheDude, RRDtoo Always available for new projects! Contact me for any inquiries

4.30+ 1+ Reviews 10+ Question Solved

Related Book For book-img-for-question

Fundamentals of Financial Management

ISBN: 978-0324664553

Concise 6th Edition

Authors: Eugene F. Brigham, Joel F. Houston

See More Books

Question Posted: Nov 20, 2017 07:11 AM

See More Questions

If you were the CFO for a $10 billion-a-year international company headquartered in Ireland, which accounting rules

Question:

Step by Step Answer:

I will choose to use the IFRS Using IFRS will enhance comparability of financial statements The adoption of IFRS will enable our business to present t...View the full answer

Fundamentals of Financial Management

Students also viewed these Business Law questions