Buy here : ​http :// homework . plus / acc-610-milestone-one-gaap-vs-ifrs /
Product Description
This is the first of three milestone assignments that will lead to completion of your course project . In this assignment , you will complete Critical Element III : GAAP vs . IFRS . Recall that , due to the sequencing of content for the modules , the critical elements are being prepared out of order . For the complete sequence , see the Final Project Guidelines and Rubric document
This milestone addresses the following course outcome :
Differentiate between the Generally Accepted Accounting Principles and the International Financial Reporting Standards for their impact on financial statements .
If you have not already done so , select the company that you will use to build your portfolio . For detailed instructions , see the ACC 610 Final Project Document located in your Blackboard course .
Specifically , the following critical elements must be addressed :
III . GAAP vs . IFRS
A . Explain the steps that would be needed for your selected portfolio company to transition from GAAP to IFRS . For example , what would this transition entail ? What would your chosen company need to do ?
B . Explain how a financial statement would differ under IFRS as opposed to GAAP .