ACC 616 TOPIC 5 BENCHMARK CONVERGENCE MEMO TO THE CLIENT GCU
Just Click on Below Link To Download This Course: https://www.tutorialsexperts.com/product/acc-616-topic-5-benchmark-convergence-memo-to-the-client-gcu/ Details: Either subscribe (fee) to IFRS or register for the free limited access at http://www.iasb.org/IFRSs/IFRS.htmWrite a convergence memo (500-750 words) to the client discussing the current state of convergence between IFRS and U.S. GAAP on revenue recognition. You may use the u201cMemo Templateu201d provided. In your memo, be sure to address the following: 1.tDescribe the similarities and differences in accounting for revenue recognition under the international standards and the FASB standards. 2.tIdentify (in general terms) the possible impact on the financial statements of your specific company of changing from FASB to IFRS. 3.tHow should these items be disclosed under IFRS and FASB?
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