ACC/291 ACC291 ACC 291 WEEK 4 ASSIGNMENT Comparing IFRS to GAAP Presentation Creat a 20 minute PowerPoint presentation summary of the team’s discussion about IFRS versus GAAP, based on your team collaborative discussions. The summary should be structured in a subject-by-subject format. An introduction and a conclusion are needed. Your presentation should include the answers to the following: IFRS 8-1: What are some steps taken by both the FASB and IASB to move to fair value measurement for financial instruments? In what ways have some of the approaches differed? IFRS 9-1: What is component depreciation, and when must it be used? IFRS 9-2: What is revaluation of plant assets? When should revaluation be applied? IFRS 9-3: Some product development expenditures are recorded as development expenses and others as development costs. Explain the difference between these accounts and how a company decides which classification is appropriate. IFRS 10-2: Explain how IFRS defines a contingent liability and provide an example. IFRS10-3: Briefly describe some similarities and differences between GAAP and IFRS with respect to the accounting for liabilities. Accounting Assignment Help, Accounting Homework help, Accounting Study Help, Accounting Course Help
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