User Account

All Pages

How do create an overview on ifrs

Assignment Help Accounting Basics
Reference no: EM132599230 , Length: Word count: 1200

1,000-1,200 words

Review the financial reports and notes of the company you have chosen from the EDGAR Web site. Using this company as your point of reference, provide general information on the following questions:

Question 1: Create an overview on IFRS.

Question 2: What will be some of the main concerns for your company as they move from U.S. GAAP to IFRS?

Question 3: Generate a list of differences that you would expect to see on your Income Statement and your Balance Sheet after the convergence process is complete.

Question 4: Describe what impact the convergence will have on your company's inventory account (IAS 2).

Question 5: Describe some of the differences between IFRS and US GAAP regarding the accounting for financial instruments

Question 6: Give a minimum of two examples of how your company will be impacted by the conversion process (IAS 32, IAS 39 & IFRS 7)

Reference no: EM132599230

Questions Cloud

Explain the pros and cons of density : Explain the pros and cons of density. In your community, what would be considered dense. How would the neighborhood you are studying
Calculate the payback period for both projects : Komfy Karz is evaluating a project (Project A) that costs $325,000 and is expected to generate $200,000, Calculate the payback period for both projects
Describe the two main types of leases : Describe the 2 main types of leases and where the differences lie. What impact will the convergence process have on your company's tax planning?
Performance issue which resulted from a motivational problem : Describe a performance issue which resulted from a motivational problem and Use the theory of motivation you selected to describe an intervention/action
How do create an overview on ifrs : Create an overview on IFRS. What will be some of the main concerns for your company as they move from U.S. GAAP to IFRS?
The camera was revolutionary invention : In the 19th century, the camera was a revolutionary invention, Did the invention of the camera change the arts? Why or why not?
Find how should mr wrong have recorded the transaction : You are an accounting student taking class in accounting.How should Mr. Wrong have recorded the transaction? What are the ethical aspects of Mr. Wrong's action?
Describe the cognitive and non-cognitive abilities : Describe the cognitive and non-cognitive abilities relating to Emotional Intelligence. Provide an example of how you might use EQ in your daily life.
How differentiate among major forms of business organization : How Differentiate among the major forms of business organization and describe what you consider to be the top 2 advantages and disadvantages of each form.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the labor rate variance

Harmelon manufactures specialty electronic circuitry through a photoelectronic process. Determine the labor rate variance

  Discuss management software and systems

For a company of Billing Software- is a public incorporation that develops and provides specialized customer billing and management software and systems

  What are the major advantages of notes

What are the major advantages of notes to the financial statements? What types of items are usually reported in notes?

  Find the the net operating income in the planning budget

Pearse Kennel uses tenant-days as its measure of activity; The net operating income in the planning budget for December would be closest to

  Compute the current marginal tax rate

Jorge and Anita, married taxpayers, earn $187,500 in taxable income and $27,500 in interest from an investment in City of Heflin bonds. Using the U.S. tax rate.

  Determine the ending balance of aaa

She receives a $6,000 distribution, and her share of S corporation items includes a $2,000 long-term capital gain and a $9,000 ordinary loss. Determine the ending balance of AAA, stock basis, and AEP.

  ACC260 Accounting Ethics - Keeping It Clean Assignment

ACC260 Accounting Ethics: Keeping It Clean Assignment Help and Solution, University of Phoenix, USA. Explaining the importance of valuing an organization's IC

  What is a fiscal year

What is a fiscal year?

  Analysis of the income statement for sheaf corporation

Prepare a vertical analysis of the income statement for Sheaf Corporation. If required, round percentage answers to the nearest whole number.

  Determine contribution margin per unit for each type of vase

BU330 Determine the contribution margin per unit for each type of vase. Determine the contribution margin per machine hour for each type of vase.

  The chart of accounts is many times described in financial

the chart of accounts is many times described in financial accounting as the central element of a general ledger

  What effect does this have on it internal controls

What effect does this have on IT internal controls? How does management and the auditor get comfortable with internal controls when functions are outsourced?

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