Discussion Post: IFRS versus U.S. GAAP
Review the differences in the presentations of the 4 main financial statements (income statement, statement of owner's equity, statement of cash flow, and balance sheet) between IFRS and US GAAP.
a) Choose 2 differences from each of the statements to share in your posts.
b) Discuss how the changes that you have chosen will impact the financial reporting of U.S. corporations.
The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.