User Account

All Pages

Which do you believe leads to better financial reporting

Assignment Help Accounting Basics
Reference no: EM133179407

Question - Harmonization of US GAAP with IFRS: The International Accounting Standards Board (IASB) is looking for a workable solution to alleviate the existing complexity and confusion created by the global inconsistency and the lack of streamlined accounting standards in financial reporting. The differences between US GAAP and the IFRS can be characterized as a difference in approach to the standards. US GAAP is generally considered to be more rules-based, while the IFRS is a more principles-based approach.

What are the advantages and disadvantages of each of these approaches? 

Which do you believe leads to better financial reporting?

Reference no: EM133179407

Questions Cloud

Characteristics an inclusive workplace culture would exhibit : 2.1 Explain what an inclusive workplace is and what characteristics an inclusive workplace culture would exhibit.
Discuss relevance of quality management principles : Total Quality management is the continuous effort the organization to ensure long term customer loyalty and customer satisfaction.
What are the various international accounting issues : What are the various international accounting issues that a multinational corporation encounters
Blank endorsement and a restrictive endorsement : 1. Why must a signature card be filled out and signed to open a checking account?
Which do you believe leads to better financial reporting : The differences between US GAAP and IFRS can be characterized as difference in approach to standards. Which do you believe leads to better financial reporting
Transportation of goods in prior the accident : What safety regulations govern the transportation of goods in prior the accident? Where there any changes made after the accident? Which ones?
Human perspectives of the relevant management theories : Carry out a research to find current information about a company of your choice. Use books, newspaper business reports and the internet. You can choose any comp
Prepare the statement of partners'' equity as of december : Income Summary Shared equally among partners 180,000. Prepare the Statement of Partners' Equity as of December 31, 2021
Festivals and events ontario conference : Topic 1 - smart service established in 1995. It is a non-government agency and smart serve support subsidies and scholarships at 15 postsecondary institutions.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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