Evaluate the reporting requirements for comprehensive income

Assignment Help Accounting Basics
Reference no: EM131797352

Assignment: IFRS Financial Reporting and Accounting Principles

The company for which you work has established international satellites over the past 5 years. Its top management has been considering how to approach the accounting requirements to optimize the attractiveness of the company to future investors. It is your job to determine the accounting system that will potentially attract the most investors.

Write a four to five page paper in which you:

1. Analyze three key differences in GAAP and IFRS financial statement presentation and suggest how convergence can improve presentation.

2. Evaluate the reporting requirements for comprehensive income under GAAP and IFRS and the effect of reporting requirements on clarity for financial reporting.

3. Distinguish between the treatment of inventory valuation for IFRS and GAAP and speculate the potential impact on U.S. corporations.

4. Use at least three quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources.

Reference no: EM131797352

Questions Cloud

How the rate of infections affected by the use of glycemic : Tight Control of Blood Sugar "Tight glycemic control" means that the blood sugar is kept within a narrow range.
Compute the price-earnings ratio on common stock at december : Williams Corporation had 100,000 shares of common stock and 50,000 shares of noncumulative and nonconvertible preferred stock
What is meant by the term partnership by estoppels : What is meant by the term partnership by estoppels? What are the management rights of a partner in a partnership?
What are the characteristics-elements of a partnership : What is meant by the term “corporate veil” with respect to corporations? What are the characteristics /elements of a partnership?
Evaluate the reporting requirements for comprehensive income : Evaluate the reporting requirements for comprehensive income under GAAP and IFRS and the effect of reporting requirements on clarity for financial reporting.
Identify the treatment variable about drug for rheumatoid : Can you conclude that the use of tofacitinib increases the chances of a 20% improvement in symptoms? Why or why not?
What were net sales for the period : A company has estimated its ending inventory to be $25,000 using the gross profit method. What were net sales for the period?
Handguns sold within the metropolitan area : A sample of 25 cities have been classified as high or low on their homicide rates and on the number of handguns sold within the metropolitan area.
Write report plus data about mergers and acquisitions : Instructions: Need to do an academic report of mergers and acquisitions. A study on impact of consolidation on shareholders' wealth

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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