This week we learned about the differences between IFRS and US GAAP.

Using BOTH the FASB codification and the IFRS standards research these differences.

Pick one of the topics (inventory, PPE, developmental costs, impairment losses etc.)

Tell us how you would handle the accounting if you were choosing the methodology to use.

Tell us your reasoning and use the standards to support your position.

Try to pick a topic not already covered in the class discussions.

Do not forget to show your source in APA format.

Use the web address www.ifrs.org to access the website. Use the 'search this site' at the top of the page to look for the IAS you need to access.