Advantages and disadvantages of adopting ifrs

Assignment Help Other Subject
Reference no: EM13135418

Perform additional research on the same U.S.-based multinational corporation from Assignment 3.

Write a six to eight (6-8) page paper in which you:

Briefly describe the corporation you researched (in one (1) short paragraph).

Given the SEC's current position on requiring U.S. publicly traded companies to report using the IFRS method of accounting, discuss whether or not it would be beneficial or punitive to the company when adopting IFRS. Explain your rationale.

Determine the differences that would occur (or have occurred) by using IFRS for the income statement, balance sheet, and statement of cash flows, and how these differences may attract investors to the company.

Compare and contrast the differences in the financial statements, and the advantages and disadvantages of using IFRS versus GAAP reporting.

Make recommendations as to whether the company you researched should use IFRS or GAAP as its reporting standard. Explain your rationale.

Include three (3) external peer-reviewed sources to support your position.

Reference no: EM13135418

Questions Cloud

Two consequences of globalization for the u.s : What are two consequences of globalization for the U.S.? How are women uniquely affected?
Translation-reporting and prices : Research a U.S.-based multinational corporation (be sure to review its financial statements) which is Northrop-Grumman. Briefly describe the corporation you researched (one to two (1-2) paragraphs).
Find variable overhead efficiency variance : You have been asked to prepare an analysis of the overhead costs in the order processing department of a mail order company like Harriet Carter Corporation. As an initial step, you prepare a summary of some events that bear on overhead for the mos..
What was the total amount of the company merchandise : Haan Inc. is a merchandising company. Last month the company's cost of goods sold was $66,500. The company's beginning merchandise inventory was $12,900 and its ending merchandise inventory was $17,200. What was the total amount of the company's m..
Advantages and disadvantages of adopting ifrs : Compare and contrast the differences in the financial statements, and the advantages and disadvantages of using IFRS versus GAAP reporting. Make recommendations as to whether the company you researched should use IFRS or GAAP as its reporting stan..
Not-for-profit health care organization : Which of the following would be an appropriate performance indicator for a not-for-profit health care organization?
What is the minimum mass of nahco3 that must be added : If 32 mL of 6.8 M H2SO4 was spilled, what is the minimum mass of NaHCO3 that must be added to the spill to neutralize the acid ?
State health centre : Your documentation will highlight how you plan to assure security aspects as customer details need to be secured. Otherwise, the State Health Centre will be subjected to legal prosecution.
Primary differences between academic and casual com : rite a 100 to 150 word letter to a new student in which you explain the primary differences between academic and casual communications. Suggest a minimum of three tips the student ca use when learning to communicate within the academic environment.

Reviews

Write a Review

Other Subject Questions & Answers

  Bombing of hiroshima and nagasaki

In 1945, Japan: a. surrendered before the Soviet Union declared war on it. b. was not warned that it might be destroyed if it did not surrender. c. finally agreed to terms of unconditional surrender. d. showed no sign of surrendering unconditionally ..

  Three examples of perception

As well comprise how social and cultural context might affect both perception and cognition.

  Understanding and managing diabetes

I know nutrition is really important for me, but i don't really understand how diabetes work or how to manage it.

  Perform market survey on behalf of leading newspaper

Ascertain reader habits and interests. What kind of research report would be most suitable? Create the outline of the research report with main sections?

  Essentialism and feminist theory

How has feminist theory itself been criticized as essentialist? How do such criticisms relate to those claims that feminists themselves make against traditional philosphical concepts?

  Personal jurisdiction issue for websites

Why is personal jurisdiction an issue for those who post Websites? What are some reasons that a website owner might be concerned with whether a court is able to obtain 'personal jurisdiction' over them?

  Validity and data-method types in research

Define and explain the kinds of reliability. Provide examples of these types of reliability as they apply to human services research or to human services management research.

  Chaining procedure with a client

What are the steps that you take when creating a task analysis for later use with a chaining procedure with a client?

  Variables found in biostatistics

Describe the source of variation which may occur in medicine and how they can affect clinical findings. Secondly, discuss the various types of variables found in biostatistics and how they affect data interpretation.

  Impact of nursing profession to public

Write down the impact to the nursing profession and to the public related to the projected nursing shortage?

  Potential issues

As an employee of the hospital one day you noticed two nurses laughing as they were reading something off a computer screen. you inquired as to what they were laughing at and they proceeded to show you what they were reading.

  Sale of goods internationally

Bello Wine Co. in France produces and exports wines. It sold 1,245 cases of its wine to Tippler Distributing Co., in the United States. The contract did not use any trade terms or specify any delivery terms to any specific destination.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd