Accounting

Discussion

 

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:

    • IFRS
    • U.S. GAAP conversion
    • U.S. GAAP convergence
    • U.S. GAAP v. IFRS