the paper Contemporary Issues in International Accounting, Financial Accounting

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Requirements: Part I

Access the IFRS and the Generally Accepted Accounting Principles (GAAP) of your country.
a. Note ten differences between the two sets of GAAP.

Part II

Access the financial statements from the most recent annual reports of five foreign companies complying with IFRS and five domestic companies belonging to the same industry.
a. Identify ten major differences in accounting policy, presentation, display and disclosure of accounting information between these companies.
b. Compare your answer in part I with that in part II and comment on the comparison.
2500 words (approx.) -one week


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