Subject : Accounting Theory Case 6a (5%) Describe the benefits of Global Adoption of International Financial Reporting Standards (IFRS) Case 6b (15%) Access the financial statements form the most recent annual report of a foreign company and a domestic company with which you are familiar to complete these instructions as follow (use companies to compare within the same industry). Instructions:

 a. Determine the accounting principles (US GAAP) that domestic companies use to prepare financial statements.

b. Determine whether

Answer rating: 100% (QA)

Question Focus on investors The more accurate timely and comprehensive financial statement information that is pertinent to the national standard is promised by IFRS which is the first contributing fa... View the full answer