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

  Stereotypes within the culture

Ageism is defined as prejudice held against an individual based upon their age. Such prejudice is typically based upon stereotypes within the culture.

  Inpatient and outpatient treatment

What are some fundamental differences between inpatient and outpatient treatment?

  Difference in view-point between girls and boys

Why do you think these perceptions are so different between girls and boys?

  Approach of therapeutic treatment

Since there is no one theory/therapy that applies to all people, eclecticism is the ideal manner in which to provide therapeutic treatment.

  How is medical care financed

How is medical care financed? Do some people pay more or less than their fair share? It doesn't need to be more than 200 words.

  Mental and emotional well-being with happiness

Many people equate mental and emotional well-being with happiness. If they feel happy, they identify themselves as emotionally well. In your opinion, what is the relationship of emotional well-being and happiness?

  Examine influence of product life cycle on marketing

Examine the influence of product life cycle on marketing. Recognize the suitable price strategy which must be used in development of strategic marketing plan.

  Certain constitutional rights

Should juvenile offenders have a constitutional right to a jury trial? Should each state make that determination? Discuss the legal decision that addresses this issue.

  Intelligence definition and wisdom

Provide a personal definition of intelligence. Based on your definition, give an illustration of a person explaining intelligence in a real-world situation.

  Cultural dimensions of group members

Why is it important to understand the cultural dimensions of group members? How does this affect group communication?

  Explain different ways of freedom and citizenship

Create the well-argued and well-organized essay where you explain the different ways that freedom and citizenship were being defined during Presidential and Congressional Reconstruction phases.

  Necessity of hippa regulations

Are the recently issued HIPAA regulations regarding transmission, privacy and security of protected health information necessary, regardless of the burden and cost of compliance?

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