User Account

All Pages

Talk about how the dissimilarity affects financial reporting

Assignment Help Financial Management
Reference no: EM132325734

Question

The following is a difference Between IFRS and U.S. GAAP

Consolidation:

IFRS favors a control model whereas U.S. GAAP prefers a risks-and-rewards model. Some entities consolidated in accordance with FIN 46(R) may have to be shown separately under IFRS.

Required:

1. Give a thorough explanation of the above dissimilarity between GAAP and IFRS.

2. Talk about how the dissimilarity affects financial reporting

3. Talk about which of the two GAAP or IFRS is suitable to implement to financial accounting and give your reasons.

Reference no: EM132325734

Questions Cloud

How the dissimilarity affects financial reporting : Under IFRS, extraordinary items are not segregated in the income statement, while, under US GAAP, they are shown below the net income.
Complete a concise movie analysis : Identify some ineffective conflict styles you use? If so, identify one change you might make to deal with conflict more competently
What is the net cost of the merchandise : Assuming no returns were made and that payment was made within the discount period, what is the net cost of the merchandise?
Calculate the book value at the end of the year 5 : The salvage value is $755 after 8 years. Using the straight-line depreciation method, calculate the book value at the end of the year 5.
Talk about how the dissimilarity affects financial reporting : Give a thorough explanation of the above dissimilarity between GAAP and IFRS.Talk about how the dissimilarity affects financial reporting.
What are the statutory requirements under us federal : What are the statutory requirements under U.S. Federal Securities laws? Where do we find these statutory requirements?
Explain what is the purpose of an audit of a company : Explain what is the purpose of an audit of a company's financial statements? The response paper should be in APA format, double spaced, hand-written.
Perform a cash budget workings for collections : Perform a cash budget workings for collections from customers and cash payment to suppliers using the given information given.
Case study - compact bicycle company : Instructions report writing style, executive summary, table contents, introduction, report body or text, summary and conclusion and should be developed

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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