Saint Leo ACC 201 Discussion 4 Review the sections on international accounting (IFRS) in each of Chapters 1, 2, 3, 4, 5, 6, and 8 (2017)
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<strong>account<strong>in</strong>g</strong> (<strong>IFRS</strong>) <strong>in</strong> <strong>each</strong> <strong>of</strong><br />
<strong>Chapters</strong> 1, 2, 3, 4, 5, 6, <strong>and</strong> 8 (<str<strong>on</strong>g>201</str<strong>on</strong>g>7)<br />
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<strong>and</strong>-8-<str<strong>on</strong>g>201</str<strong>on</strong>g>7/<br />
<str<strong>on</strong>g>Review</str<strong>on</strong>g> <str<strong>on</strong>g>the</str<strong>on</strong>g> <str<strong>on</strong>g>secti<strong>on</strong>s</str<strong>on</strong>g> <strong>on</strong> <strong>in</strong>ternati<strong>on</strong>al <strong>account<strong>in</strong>g</strong> (<strong>IFRS</strong>) <strong>in</strong> <strong>each</strong> <strong>of</strong> <strong>Chapters</strong> 1, 2, 3, 4, 5, 6, <strong>and</strong> 8. Discuss <str<strong>on</strong>g>the</str<strong>on</strong>g><br />
major similarities <strong>and</strong> differences between U.S. GAAP <strong>and</strong> <strong>IFRS</strong>. Which <strong>of</strong> <str<strong>on</strong>g>the</str<strong>on</strong>g> differences do you f<strong>in</strong>d most<br />
<strong>in</strong>terest<strong>in</strong>g? If <str<strong>on</strong>g>the</str<strong>on</strong>g>re is a c<strong>on</strong>vergence between U.S. GAAP <strong>and</strong> <strong>IFRS</strong>, would you choose <str<strong>on</strong>g>the</str<strong>on</strong>g> U.S. GAAP or<br />
<strong>IFRS</strong> method? Why?
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