Review differences in presentations of financial statements

Reference no: EM131998734

Question: 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.

Reference no: EM131998734

Questions Cloud

Bullish strategies : Describe each of the following bullish strategies, be sure to explain why each is bullish and the potential for gain and loss under each strategy:

Explain the pressures associated with ethical decision : Evaluate whether the level of managerial hubris would have been decreased if Farrow Bank had a truly ethical business culture.

The trending ethical issues currently plaguing the industry : For the first part of the project you completed an overview of the company name and company dynamics for your project.

Started new job as controller with aerosystems : Ronald Roth started his new job as controller with Aerosystems today. What total medical costs will Ronald pay if he enrolls in the HMO plan?

Review differences in presentations of financial statements : Review the differences in the presentations of the 4 main financial statements (income statement, statement of owner's equity, statement of cash flow).

Characteristics of the optimal consumer allocation : The following are key characteristics of the Optimal Consumer's Allocation, as presented in class, EXCEPT:

Think about a company you have worked for : What was leadership's role in establishing this culture within the organization? How did power and motivation relate to the degree of ethical conduct?

Why the decision is important on a national or global level : Summarize important background information and explain why the decision is important on a national or global level.

Discuss the differences in classifications of cash flows : Discuss the differences in classifications of cash flows between IFRS and U.S. GAAP. Cover the differences with the classifications of contingent liabilities.

User Account

All Pages