Review the sections on international accounting (IFRS). Discuss the major similarities and differences between U.S. GAAP and IFRS. Which of the differences do you find most interesting? If there is a convergence between U.S. GAAP and IFRS, would you choose the U.S. GAAP or IFRS method? Why?

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SIMILARITIES With regard to recognizing stockbased compensation a IFRS and US GAAP follow the same model dilutive securities and earnings per share IF... View the full answer