There are differing revenue recognition standards between the U.S. Generally Accepted Accounting Principles (GAAP) and the International Financial Reporting Standards (IFRS).

• Select one difference between revenue recognition standards under U.S GAAP and the IFRS.
• Discuss the difference in detail, concluding on which standard you think is most appropriate and why.

Select two of your classmates' posts, and play an advocate for the other standard by addressing the benefits of that standard.