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Impact the financial reporting of u.s. corporations

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Question:

Primary Task Response: Within the Discussion Board area, write 400-600 words that respond to the following questions with your thoughts, ideas, and comments.

This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas:

Review the differences in the presentations of the 4 main financial statements (income statement, statement of owner's equity, statement of cash flow, and balance sheet) between IFRS and US GAAP.

Choose 2 differences from each of the statements to share in your posts.

Discuss how the changes that you have chosen will impact the financial reporting of U.S. corporations.

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This is a 400 words assignment that talks about IFRS Versus U.S. GAAP: Current Assets and Revenues. The work involves review and analysis of the differences in the presentations of the 4 main financial statements (income statement, statement of owner’s equity, statement of cash flow, and balance sheet) between IFRS and US GAAP. The work is written in Microsoft word and follows APA style of referencing with incited references.

Reference no: EM131352766

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