Bessrawl Corporation

Read the Case 4-1 in the textbook. In respect to inventory accounting, differences between U.S. GAAP and IFRS continue to exist. What are the differences and are they simply a difference between principles-based and rules-based financial reporting standards?

Submission Instructions:

Your initial post should be at least 200 words, formatted and cited in proper APA style with support from at least 2 academic sources. Your initial post is worth 12 points.

You should respond to at least two of your peers by extending, refuting/correcting, or adding additional nuance to their posts. Your reply posts are worth 4 points (2 points per response.)

All replies must be constructive and use literature where possible.