Research, discuss, and explain five differences between GAAP (Generally Accepted Accounting Principles) and IFRS (International Accounting Standards Committee). Analyze the accounting implications with examples. Give proper references.
Your work should be submitted in a Word document, typed in double-space, in ten- or twelve-point Arial or Times New Roman font. It should be two pages minimum. The page margins on the top, bottom, left side, and right side should be one inch each. You should use the APA guidelines for writing and citations.
Submit the Word document to the appropriate dropbox. See the Course Calendar for due dates.
Evaluation criteria
Keep the following points in mind:
- The differences between GAAP and IFRS are accurately identified and explained.
- The accounting implications are accurately analyzed with pertinent examples.