Write a paper (10 pages main text, excluding attachments) that will consist out of the analysis of a contemporary topic in accounting. the chosen topic is:
US GAAP (general accepted accounting principles) vs. IFRS (international financial reporting standards).
CHAPTERS:
- Describe what is US GAAP (Pros/Cons)
- Describe what is IFRS (Pros/Cons)
- What are the main differences of these accounting/ book keeping rules ?
- Describe how they relate to each other ?
- Describe the situations where we can have different numbers/results in both GAAP & IRFS
Sample Solution
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