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Summarize the gaap versus ifrs existing and pending

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Reference no: EM133552196

Question 1: Summarize the GAAP versus IFRS existing and pending (if any) requirements for accounting for leases.

  • Reflect knowledge of both the principles and standards of each and include any relevant information that impacts accounting for leases.

Question 2: Analyze the impact of GAAP and IFRS on the reporting of your chosen corporation's leases.

  • Reflect knowledge of GAPP and IFRS and include information specific to your chosen corporation.

Question 3: Analyze the impact that including lease liability has on the financial ratios of your chosen corporation, report your conclusion.

  • Provide a detailed description and supporting calculations.
  • Provide conclusions based on the information gathered in the analysis.

Question 4: Analyze the impact eliminating the lease liability has on the financial ratios of your chosen corporation by recalculating the debt-to-equity ratio, report your conclusions.

  • Provide a detailed description and supporting calculations.
  • Provide conclusions based on the information gathered in the analysis.

Reference no: EM133552196

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