1)discuss which accounting treatment (IFRS, U S GAAP, or another new treatment from your own insight) is best for decision usefulness in terms of assessing an entitys cash flow prospects You may want to think critically about pro(s) and con(s) of each accounting treatment per IFRS vs per U S GAAP Be sure to provide specific justifications to support your answers These justifications should be based upon the following Potential effects of an accounting treatment on economic resources, claims to these resources and changes in these resources and claims Do such effects better enable capital providers to assess amount, timing and uncertainty of future cash flows Discuss which specific characteristics of useful financial information in Conceptual Framework doc your favored accounting treatment supports (Feel free to read Conceptual Framework for IFRS pdf) There are three groups of these characteristics

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1)discuss which accounting treatment (IFRS, U.S. GAAP, or another new treatment from your own insight) is best for decision usefulness in terms of assessing an

1)discuss which accounting treatment (IFRS, U.S. GAAP, or another new treatment from your own insight) is best for decision usefulness in terms of assessing an entitys cash flow prospects. You may want to think critically about pro(s) and con(s) of each accounting treatment per IFRS vs. per U.S. GAAP.

Be sure to provide specific justifications to support your answers. These justifications should be based upon the following.

Potential effects of an accounting treatment on economic resources, claims to these resources and changes in these resources and claims. Do such effects better enable capital providers to assess amount, timing and uncertainty of future cash flows?

Discuss which specific characteristics of useful financial information in Conceptual Framework.doc your favored accounting treatment supports. (Feel free to read Conceptual Framework for IFRS.pdf) There are three groups of these characteristics.