Discussion: GAAP Vs IFRS
The SEC is considering moving from GAAP to international accounting standards. Prepare a 10-12-slide PowerPoint presentation as if it will be presented to an audience of your peers.
Contrast rules-based versus principles-based accounting,
Provide detailed scenarios (these can be case studies, articles, or any published accounting scenario within the last 5 years) in which GAAP and IFRS would handle the situation differently.
Explain the challenges inherent with global corporate governance.
State whether you are for or against this proposed change from GAAP to IFRS, defending your position with at least three points.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.