What are the principle differences between IFRS and U.S. GAAP?
Explain your chosen job design, organizational design, your recruiting strategy and methods, and your training and performance appraisal process as the new District Manager for Dunkin Donuts.
August 5, 2017What are projects and why are so many businesses reorganizing to include them?
August 5, 2017Unit VII Case Study
To read the case study below, you must first log into the Student Portal and access the Business Source Complete database found in the Online Library.
Read the case study indicated below, and answer the following questions:
Marianne, J. L. (2010). Accounting for business combinations and the convergence of International Financial Reporting Standards with U.S. Generally Accepted Accounting Principles: A case study. Journal of the International Academy for Case Studies, 16(1), 95-108.
- What key financial ratios will be affected by the adoption of FAS 141R and FAS 160? What will be the likely effect?
- Could any of the recent and forthcoming changes affect the company’s acquisition strategies and potentially its growth?
- What were FASB’s primary reasons for issuing FAS 141R and FAS 160?
- What are qualifying SPEs? Do they exist under IFRS? What is the effect of FAS 166 eliminating the concept of qualifying SPEs on the convergence of accounting standards?
- If the company adopts IFRS, what changes should management be aware of?
- What are the principle differences between IFRS and U.S. GAAP?
Your submission should be a minimum of three pages in length in APA style; however, a title page, a running head, and an abstract are not required. Be sure to cite and reference all quoted or paraphrased material appropriately in APA style.
References
James, M. L. (2010). ACCOUNTING FOR BUSINESS COMBINATIONS AND THE CONVERGENCE OF INTERNATIONAL FINANCIAL REPORTING STANDARDS WITH U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES: A CASE STUDY. Journal Of The International Academy For Case Studies, 95-108.
