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Differences in recognition and measurement of liabilities

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Question - What are the mechanisms in place to regulate accounting and financial reporting in the U.S.A with those of any of the five countries: China, Germany, Japan, Mexico, and the United Kingdom? What are the possible reasons for any noticeable differences?

What are three examples of the differences in the recognition and measurement of liabilities, revenue and financial instruments under IFRS and U.S. GAAP? What is the impact of the difference between IFRS and U.S. GAAP can have on the analysis of financial statements?

Reference no: EM132782033

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