Why global accounting standards

Assignment Help Management Theories

Reference no: EM133724095

Purpose: Introduce learners to the International Financial Reporting Standards (IFRS).

This lesson/assessment shows the United States Generally Accepted Accounting Principles (GAAP) are not the only accounting standards in use. There are global accounting standards. It also shows accounting and accounting professionals exist all over the world, not just in the U.S. or Texas.

Learning Outcomes

Explain why global accounting standards are necessary.
Describe how two countries use IFRS.
Activity

Read: Why Global Accounting Standards
Go to: Who Uses IFRS Standards?
Select two countries of interest.
Read how each country uses IFRS standards.
Complete the short essay assessment.

Assessment

Write a short essay explaining the need for global accounting standards and include how IFRS is used in two countries.

Reference no: EM133724095

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