User Account

All Pages

Difference in approach to valuation by us gaap and ifrs

Assignment Help Financial Accounting
Reference no: EM131195286 , Length:

The main purpose of this Module is to review the balance sheet in more detail.

Is there a difference in approach to valuation by US GAAP and IFRS? Discuss and note two or three specific differences. Additionally, clearly
- Distinguish between an expense (expired cost) and an asset.
- Distinguish between current and long-term assets.
- Distinguish between current and long-term liabilities.
- Review Apple's balance sheet and provide two examples of each of the above categories.
- Discuss retained earnings and how income or loss and dividends affect this account. Review Apple's retained earnings account and explain how it changes between the two past years.
- Comment on at least three differences between Apple's and Samsung's balance sheets.
- Does Apple or Samsung have more debt?
- Which of the two companies is the bigger one? Explain your reasoning.

Assignment Expectations

The submission should be 3- to 5-pages and need to include answers to all the questions listed above. Show computations, discuss the results, and include references in APA format.

Verified Expert

The said paper consist of the comparison of US GAAP and IFRS. It contains the major difference between the IFRS and US GAAP in respect of valuation of balance sheet item. A comparison is made in respect of specific item along with example. Apart from that detail analysis of balance sheet is done of Apple Inc. and Samsung Electronics. The project is done in MS Word.

Reference no: EM131195286

Questions Cloud

Government policies to manage externalities effective : What are the external effects ( externalities ) and why they can lead to inefficiency and government intervention in the market. Why are some government policies to manage externalities effective ( efficient ) while others are inefficient ( inefficie..
Choose three australian listed companies : Choose three Australian listed companies (one each from three different sectors) that have been in business for at least the last ten years. Access Morningstar Datanalysis Premium.
Identify all gaps that they perceive relative to department : Identify a minimum of two and a maximum of 10 gaps. Gap analysis may speak to presence of needed competency, human capital, general resource, etc. Develop an action plan (without reduction or increase in headcount) based on the "build or buy" optio..
Describing how business decision support systems : Write a 2 to 3 page essay describing how business decision support systems have evolved over the past several decades as computer and data capabilities have grown.  The rubric for this assignment can be viewed when clicking on the assignment link.
Difference in approach to valuation by us gaap and ifrs : Is there a difference in approach to valuation by US GAAP and IFRS? Discuss and note two or three specific differences. Additionally, clearly
Produce water safe for drinking : Consider a town in which only two residents, Carlos and Deborah, own wells that produce water safe for drinking. Carlos and Deborah can pump and sell as much water as they want at no cost. For them, total revenue equals profit. The following table sh..
Create your own web page that uses both html and php : As part of the submission for this Lab, you will create your own Web page that uses both HTML and PHP to create several different tables providing specific information.
What is minimum price that firm would continue producing : What is the minimum price that the firm would continue producing for in the short-run? Show this graphically. Why is this the minimum price the fmn would continue producing for in the short-run? Draw the marginal revenue curve for a price of $30. Wha..
Relationships and draw the e-r diagram : Identify various entities and the relationships and draw the E-R diagram. Convert the E-R diagram into tables (relational model). What if an order can be supplied in small quantities at various times (that is, a large order can be split into many s..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd