Problem:
International Accounting
1- What is US GAAP ? What is IFRS
2- Compare and contrast US GAAP with IFRS. What most countries use US GAAP ? What countries use IFRS?
3- Are all major countries moving toward IFRS? What are the advantages and disadvantages? What about the US plans?
4- Describe the IFRS impact on a company's accounting team, financial reporting, and global strategy.