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Describe the similarities and differences in accounting for revenue recognition under the international standards and the FASB standards. Identify (in general terms) the possible impact
- Describe the similarities and differences in accounting for revenue recognition under the international standards and the FASB standards.
- Identify (in general terms) the possible impact on the financial statements of your specific company of changing from FASB to IFRS.
- How should these items be disclosed under IFRS and FASB?
You must integrate at least two academic sources, in addition to the AICPA website and the IFRS website, in your discussion.
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College Accounting Chapters 1-15
Authors: James A Heintz, Robert W Parry
19th Edition
0324376162, 978-0324376166
