Compare the pronouncements and the current gaap standards

Reference no: EM132281223

Question: For the company you selected in Unit 1, compare and contrast the following pronouncements and the current GAAP standards:

• Inventory costing method (IAS2) WITH A SUMMARY

• Valuation of the property plant and equipment (IAS16) WITH A SUMMARY

• Fair value measurement standards (IFRS 13) WITH A SUMMARY

Make any necessary updates to the financial statements based on your understanding of the new IFRS.

Information related to above question is enclosed below:

Attachment:- ImpactAnalysisChart.rar

Reference no: EM132281223

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