S. A. Harrington Company

Read the Case 5-1 in the textbook. The convergence of U.S. GAAP and IFRS was not successful in respect to revenue recognition. What are the similarities and differences between IFRS 15 and U.S. GAAP? Access the PricewaterhouseCoopers website for a comparative analysis. Provide at least 1 potential recommendation to facilitate convergence of revenue recognition.

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.

From: Doupnik, T., & Perera, H. (2014). International accounting (4th ed.) (p. 22). New York, NY: McGraw-Hill Education.