What are the two main differences in inventory accounting between U.S. GAAP and IFRS?
Question:
GAAP
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
1 IFRS specifically f...View the full answer
Answered By
Hassan Imtiaz
The following are details of my Professional Experience. Responsibilities Eight years of demanding teaching experience in the field of finance and business studies at Master’s Level. Completion of the given tasks within given time with quality and efficiency. Marketing professional with practical experience in and solid understanding of a diverse range of management applications, including market analysis, sales and marketing, team building and quality assurance. I have excellent skills to approach deal and sustain corporate clients / customers by demonstrating not only extraordinary communication and interpersonal skills but also high caliber presentation, negotiation and closing skills. Manage and follow up the day-to-day activities. Manage and co-ordinate the inventories. Fulfillment of all the tasks assigned.
The following are details of my Areas of Effectiveness. Finance 1. Corporate Finance 2. Advanced Corporate Finance 3. Management of Financial Institutions 4. International Financial Management 5. Investments 6. Fixed Income 7. Real Estate Investment 8. Entrepreneurial Finance 9. Derivatives 10. Alternative Investments 11. Portfolio Management 12. Financial Statement Analysis And Reporting (US GAAP & IFRS) 13. International Financial Markets 14. Public Finance 15. Personal finance 16. Real estate 17. Financial Planning Quantitative Analysis 1. Time Value Of Money 2. Statistics 3. Probability Distribution 4. Business Statistics 5. Statistical Theory and Methods Economics 1. Principles of Economics 2. Economic Theory 3. Microeconomic Principles 4. Macroeconomic Principles 5. International Monetary Economics 6. Money and Banking 7. Financial Economics 8. Population Economics 9. Behavioral Economics International Business 1. Ethics 2. Business Ethics 3. An introduction to business studies 4. Organization & Management 5. Legal Environment of Business 6. Information Systems in Organizations 7. Operations Management 8. Global Business Policies 9. Industrial Organization 10. Business Strategy 11. Information Management and Technology 12. Company Structure and Organizational Management Accounting & Auditing 1. Financial Accounting 2. Managerial Accounting 3. Accounting for strategy implementation 4. Financial accounting 5. Introduction to bookkeeping and accounting Marketing 1. Marketing Management 2. Professional Development Strategies 3. Business Communications 4. Business planning 5. Commerce & Technology Human resource management 1. General Management 2. Conflict management 3. Leadership 4. Organizational Leadership 5. Supply Chain Management 6. Law 7. Corporate Strategy Creative Writing 1. Analytical Reading & Writing Other Expertise 1. Risk Management 2. Entrepreneurship 3. Management science 4. Organizational behavior 5. Project management 6. Financial Analysis, Research & Companies Valuation 7. And any kind of Excel Queries
4.80+
150+ Reviews
230+ Question Solved
Related Book For
International Financial Reporting Standards An Introduction
ISBN: 978-1133187943
3rd Edition
Authors: Belverd E. Needles, Marian Powers
Question Posted:
Students also viewed these Accounting questions
-
What are the two main types of advantage of a flexible as opposed to a fixed exchange rate system? What are the specific advantages subsumed under each main type of advantage of a flexible exchange...
-
What are the two main types of weathering?
-
What are the two main types of glaciers?
-
Below is list of ethical principles that a business might follow. Think of a situation where following each might not necessarily be the right thing. a. Follow contracts to the letter. b. Never...
-
Continuing from Problem 10-2, suppose that the full-employment level of nominal GDP in the following year rises to $17.7 trillion. The long-run equilibrium price level, however, remains unchanged. By...
-
Determine the reactions at the supports. Assume is fixed and ¢ are rollers. EI is constant. 3 10 kN/m 4 2 -6 m 8 m
-
Find the solution to the Dirichlet problem in dimension \(d=1: u^{\prime \prime}(x)=0\) for all \(x \in(0,1), u(0)=a, u(1)=b\) and \(u\) is continuous in [0,1]. Compare your findings with Wald's...
-
Miami Marine uses ROI to evaluate the performance of both its Powerboat and Sailboat Division managers. The following estimates of relevant measures have been made for the upcoming year: Both...
-
In a certain kingdom, the demand function for rye bread was q = 181 - 8p and the supply function was q = 13 + 6p, where p is the price in zlotys and q are the loaves of bread. The king made it...
-
Industrial Chemicals produces two adhesives used in the manufacturing process for airplanes. The two adhesives, which have different bonding strengths, require different amounts of production time:...
-
What is recycling and how does it apply to comprehensive income?
-
What are the three major differences between U.S. GAAP and IFRS in the use market value in inventory accounting?
-
Determine the amplitude and period of each function without graphing. -sin 3
-
3. Given f(x)=2x-12x+18x a) Use the second derivative sign chart to determine the intervals on which f(x) is concave up and concave down. b) Give the coordinates of any inflection points.
-
Solve the given differential equation. y= y'-y=13 (Use C as the arbitrary constant.) ID: 31.2.17
-
John raises Angus cattle and sells them to a packing house. McDonald's then sells the meat supplied by the packer as hamburgers. In this scenario, which of the following economic terms best describes...
-
Express in polar form the product of the given complex numbers. 5(cos 125+i sin 125). 4(cos 31+i sin 31) 20(cos 156+i sin 156) 20(cos 94 +i sin 94) 20(cos 120+i sin 120) 20(cos 90 +i sin 90)
-
Which of these shows a pair of functions that are BOTH undefined at an angle of = 3T ? 2 tan a and cota csc a and co't a Osin a and cos a O sec a and tan a
-
It will likely be harder for a male coach of a collegiate womens basketball team than a female coach to attempt to win a lawsuit that seeks pay equal to that of the person coaching the mens...
-
Consider the setup in Problem 16. Show that the relative speed of the ball and the point of contact on the stick is the same before and immediately after the collision. (This result is analogous to...
-
Which of the networks in Problems 1217 have Hamiltonian cycles? If a network has one, describe it. A D E B C
-
Why are reversing entries helpful?
-
Under what circumstances would the Income Statement and Balance Sheet columns on a work sheet balance when they are initially totaled?
-
Match the following concepts to the related statements: a. Periodicity b. Accrual accounting c. Permanent accounts d. Temporary accounts 1. Encompasses all the techniques that determine income for an...
-
You have a new accountant. Where would you go to invite your accountant to your company file?
-
How will you record this transaction? a. What happens to your total assets if you buy a car in cash?
-
Panama Company prepared the following flexible overhead budget where PH is process hour. Identify the overhead cost per PH for indirect labor, maintenance. Also identify the overhead cost of 12,000...
Study smarter with the SolutionInn App