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In the Interactive Lecture materials for this module, you read various articles and/or materials and listened to various videos which described the history of the convergence process between the US GAAP and IFRS, including the status of convergence today. You also reviewed readings included in this module showing the differences which still exist today between the US GAAP and IFRS on various accounting subjects.
Below is a list of some particularly important or significant accounting subjects where differences still exist today between the US GAAP and IFRS:
Select one of the above accounting subjects, preferably a subject of a personal or of a professional interest to you, and answer the following questions related to that topic in your initial response. Copy and paste each question below in bold type in your initial response to ensure that you answer each question in your initial response.
The subject line of your initial posting should be the accounting subject you have decided to address (for example: Inventories):
respond to two or more classmates, or your instructor, in any of the following ways:
Describe the history and status of the issue and provide an overview of the problem(s) that need to be addressed
Write your essay from the perspective of the person defined above, not your personal perspective - Chose or implied the correct answer.
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