Question: Question 1: Write five important differences between US GAAP and IFRS, and explain in your opinion which one is the most import one. Question 2:

Question 1:

Write five important differences between US GAAP and IFRS, and explain in your opinion which one is the most import one.

Question 2:

What inventory method is not allowed under IFRS?

Question 3:

What is the most common earnings management (manipulation of financial statement) among public corporations in the United States and the reasons (incentives) for it?

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