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Your supervisor at youcpa wants to know what you think

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Reference no: EM13582965

Your supervisor at YOUCPA wants to know what you think about the proposed change from GAAP to IFRS in the United States and how it will impact revenue recognition.

• Describe the methods of revenue recognition under each of the following:

o U.S. GAAP

o IFRS

• Describe 1-2 ways in which these 2 methods differ.

• Do you think that the traditional U.S. GAAP method of revenue recognition fulfills the needs of the International Financial Reporting System? Why, or why not?

Reference no: EM13582965

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