Disucss the differences in classification of cash flows between IFRS and US GAAP. What impacts will these have on US companies
ANALYSE HOW THE BUSINESS ENVIRONMENT IS CONSIDERED IN STRATEGY FORMULATION
June 3, 2020Marketing plan to launch a new drinks for Starbucks
June 3, 2020Disucss the differences in classification of cash flows between IFRS and US GAAP. What impacts will these have on US companies
International Accounting Standard 18 (IAS 18) provides the general standards for revenue recognition and measurement in the IFRS.
Provide 3 examples of the differences between the 2 sets of standards.
Review the IAS 7 statement of cash flows, and complete the following.
Disucss the differences in classification of cash flows between IFRS and US GAAP. What impacts will these have on US companies?
Cover the differences with the classifications of contingent liabilities between U.S.GAAP and IFRS. Be sure to cover the topics of possible probable, and bright-line tests.
When looking at cash and cash eqivalents definitions between IFRS AND US GAAP, discuss the differences for the following:
Best estimates
Risks
Uncertainties’
