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1. briefly discussed white global accounting standards are needed in today's business environment. 2. briefly discussed the difference between rules based approach into accounting standards
1. briefly discussed white global accounting standards are needed in today's business environment. 2. briefly discussed the difference between rules based approach into accounting standards setting and principle-based approach into accounting standards setting. 3. what inventory cost in methods are allowed under IFRS how does this differ from the treatment under US GAAP? Answer the following questions over IFRS: 1. Briefly discuss why global accounting standards are needed in today's business environment. 2. Briefly discuss the difference between (a) a "rules-based approach to accounting standard setting and (b) a "principles-based approach to accounting standard setting. 3. What inventory costing methods are allowed under IFRS? How does this differ from the treatment under U.S. GAAP
1. briefly discussed white global accounting standards are needed in today's business environment.
2. briefly discussed the difference between rules based approach into accounting standards setting and principle-based approach into accounting standards setting.
3. what inventory cost in methods are allowed under IFRS how does this differ from the treatment under US GAAP?
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