Difference between ifrs and sfas


Essay :

Review the :A practical guide to segment reporting September 2008

Answer these questions in 1 page or less using the case format:

1. Compare and contrast the differences, if any, between IFRS 8 and SFAS 131.

2. You are the Chief Accounting Officer at Ford. Mark Fields, CEO, has asked you for an opinion on whether one of Ford's operating units which has its assets at 9.5% of all the combined assets of the company, meets the Segment accounting rule requirements and disclosures.

3. What do you tell him?

 

 

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