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Explain the differences between the IFRS and US GAAP

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Reference no: EM132626791

Problem 1: Enumerate and briefly explain the differences between the IFRS and US GAAP on the following issues:

  1. Treatment of Inventory and Valuation methods
  2. Treatment of Inventory write-down and Asset Impairment and revaluation
  3. Treatment and determination of costs of Property, Plant, and Equipment
  4. Treatment of Investment Properties
  5. Treatment of Research and development costs
  6. Treatment of Intangible Assets
  7. Treatment of Assets' Impairment Loss
  8. Treatment of costs of borrowing to purchase or construct assets
  9. Treatment of Related Party Transactions
  10. Treatment of correction of errors
  11. Treatment of Discontinued Operation

Reference no: EM132626791

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