Describe any legal or ethical challenges this convergence

Reference no: EM133464026

Discussion Post

Prior to beginning work on this discussion forum, read Topic 6 International Accounting Standards in Appendix A in the course textbook, Using Financial Accounting. Next, review the Wal-Mart Case Study.

Question 1) Compare and contrast the differences in the Wal-Mart financial statements if the company were to use International Financial Reporting Standards (IFRS) rather than Generally Accepted Accounting Principles (GAAP). Be sure to discuss specific accounting differences between the two.

Question 2) Debate the pros and cons this would create for Wal-Mart. Be sure to be specific and support any opinions.

Question 3) Describe any legal or ethical challenges this convergence may create using the country you selected in prior courses.

Reference no: EM133464026

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