Write an essay about us gaap vs ifrs

Reference no: EM13899576

Advanced Accounting - Individual Assignment

US GAAP vs IFRS: Consolidation of Financial Statements

Write an essay that describes the main similarities and the differences between US GAAP and IFRS regarding the consolidation of financial statements. This report should cover the followings (as possible).

1. Brief description of the history (development) of the consolidation standards (GAAP and IFRS).

2. Brief description of the requirements of the latest consolidation standards (GAAP and IFRS).

3. Analyze the similarities and differences between the latest consolidation standards (GAAP and IFRS).

4. Describe the consequences of the differences between US GAAP and IFRS and any attempts for convergence of the standards.

5. Include at least three external sources (references) to support your position. Use Harvard style for referencing.

Reference no: EM13899576

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