Please discuss similarities and differences between U.S. GAAP and IFRS regarding one of the following:
- The recognition, measurement, and disposition of receivables.
- Accounting and reporting for plant assets and intangible assets.
- Accounting and reporting for current liabilities.
- Accounting and reporting for long-term liabilities such as bonds and notes.
- Accounting and reporting for equity.
- Accounting and reporting for the statement of cash flows.
You are required to write a 1,000-word paper addressing the following:
- Introduction
- Summary of the GAAP and IFRS standard
- Discussion of the similarities and differences among each standard
- Relate each standard to the relevant topic you learned in class
- Conclusion
The 1,000-word minimum is NOT included in the title or reference page. The paper MUST be in APA format. Please submit the document in Word format. Submit the document with a Turnitin Originality Report of 25% or less. A report with a similarity index less than 25% is acceptable for undergraduate level work.
Turnitin.com is an excellent resource to check the content and quality of writing assignments and to avoid plagiarism. An Originality Report will be generated upon paper submission. The Originality report does not actually recommend changes. It does point out where you may need to add a citation or quotation marks (if not already cited). Once you use it a few times, you will appreciate this tool, as it will assist you in improving quality and content, as well as avoid plagiarism. Your goal is to keep direct quotations to a minimum and to make sure that you do not just cut and paste material. Ensure that all your references are cited.
