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What are the principle differences between ifrs and us gaap

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Reference no: EM131441239

CASE STUDY

Marianne, J. L. (2010). Accounting for business combinations and the convergence of International Financial Reporting Standards with U.S. Generally Accepted Accounting Principles: A case study. Journal of the International Academy for Case Studies, 16(1), 95-108. 3 pages in length

1. What key financial ratios will be affected by the adoption of and FAS 141R FAS 160? what will be the likely effect?

2. Could any of the recent and forthcoming changes affect the company's acquisition strategies and potentially its growth?

3. What were FAB's primary reason for issuing FAS141R & FAS160?

4. What qualifying are SPE's? Do they exist under IFRS? What is the effect of FAS 166 eliminating the concept of qualifying SPE's on the convergence of accounting Standard's?

5. If the company adopts IFSR, what changes should management be aware of?

6. What are the principle differences between IFRS and U.S. GAAP?

Reference no: EM131441239

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