Trabeck prepares for IFRS: An IFRS case study  

Oleh:

Coe, Martin ; Delaney, John

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Journal of Accounting Education vol. 31 no. 01 (Mar. 2013), page 053-067.
Topik: IFRS; Teaching case
Fulltext: 1-s2.0-S074857511200156X-main.pdf (1,023.23KB)

Isi artikel

The growing acceptance of International Financial Reporting Standards (IFRSs) as a basis for US financial reporting represents a fundamental change for the US accounting profession. IFRS and US generally accepted accounting principles (GAAPs) both are based on principles; however, US GAAP largely uses rules to apply the principles. In contrast, IFRS relies heavily on the use of judgment in deciding how transactions should be recorded. This fictional case is designed to help students identify some fundamental differences between US GAAP and IFRS and apply this knowledge to general-purpose financial statements.

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