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Discuss current state of convergence between IFRS and GAAP

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Question - Discuss the current state of convergence between IFRS and U.S. GAAP on revenue recognition.

1. Locate recently completed convergence projects. Using one of the recent projects completed, describe the similarities and differences in accounting under the international standards and the FASB standards.

2. Discuss how the new standard will impact companies who use GAAP.

Reference no: EM133161593

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