Review the sections on international accounting (IFRS) (See pages 9, 10, 59, 184, 267, 339, 376,...

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Accounting

Review the sections on international accounting (IFRS) (See pages9, 10, 59, 184, 267, 339, 376, 431, 489, 556, 568, 571, 668, 701.Discuss the major similarities and differences between U.S. GAAPand IFRS. Which of the differences do you find most interesting? Ifthere is a convergence between U.S. GAAP and IFRS, would you choosethe U.S. GAAP or IFRS method? Why?

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SIMILARITIES With regard to recognizing stockbased compensation a IFRS and US GAAP follow the same model dilutive securities and earnings per share IFRS and US GAAP are substantially the same in the terms of accounting because both follow the same model for recognizing stockbased compensation which is the fair value of shares and options awarded to workers is recognized over the period to which the workers services relate DIFFERENCE A main difference See Answer

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