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ACC 304 WK 8 Assignment 1 - IFRS and GAAP Convergence
Events in the world of corporate finance during the past few years have shown the importance of transparent and accurate financial reporting by businesses. There are numerous methods for evaluating |
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the financial well-being of a business. In this paper, you will review and evaluate the financial analysis
tools available to business manager, investors, and government regulators. Write a five to six (5-6) page paper in which you: |
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1. Describe what accounting convergence means and assess the likelihood of the convergence
being completed and implemented in the next five (5) years. 2. Evaluate and describe the single most important difference between U.S. GAAP and IFRS rules, and explain your answer. 3. Analyze and summarize the main obstacles to convergence from both the U. S. and European accounting perspectives. |
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