at least 150 words in which you discuss the differences between GAAP and IFRS.
· What are implications of the differences in these two different financial reporting systems?
· What are two benefits and two challenges with each?
Using your preferred search engine (such as Google), enter one or more of the following keywords:
- U.S. GAAP conversion
- U.S. GAAP convergence
- U.S. GAAP v. IFRS