Identify an issue in US GAAP, and research into how international accounting standards address the same issue covered by the U.S GAAP. Identification of the specific IFRS that corresponds to the US GAAP and a comparison of the similarities and differences between the US and international accounting for the same issue.

Include summary of key points, a detailed discussion of the issue and the accounting treatment offered by both US and international GAAP, and a conclusion as to your view as to which approach is more accurate. R

Answer rating: 100% (QA)

Accounting GAAPIFRS Paper Introduction The standards and bodies that govern financial reporting and accounting vary from nation to nation For instance in the United States of America the financial rep... View the full answer