Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. though there are no signs usa will be fully adopti

though there are no signs usa will be fully adopting ifrs any time soon, there...

50.1K

Verified Solution

Question

Accounting

Though there are no signs USA will be fully adopting IFRS any time soon, there has been good progress towards convergence of some important standards. Pick up any one of the several converged standards like revenue recognition or Lease accounting and discuss how the converged standard is different from the original one and how it impacts US companies. Do you think convergence of a few standards is going to achieve the goal of worldwide standardization of accounting practices

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

explain at least 3 factors that pertain to your decision to either buy or lease your...

Biology
1.2K views

Why is hyostylic jaw suspension NOT adaptive for tetrapods living on land?

Mechanical Engineering
1.2K views

A piston-cylinder device initially contains 75 g of saturated water vapor at 310 kPa . A...

Psychology
1.2K views

What is the difference between measures of association and tests of statistical significance? Give an example...

Operations Management
1.2K views

This is an Introduction to Homeland Security course question. What responsibility do private-sector owners with online shopping and...

Basic Math
1.2K views

There are twenty stores for a grocery chain in the Mid-Atlantic region. The regional executive wants...

Biology
1.2K views

What can be deduced from the given passage Air pollution is on the rise in...

Geometry
1.2K views

2 45 125 What is the measure of angle

Basic Math
1.2K views

8 Calculate the following using the Unit Circle and trigonometric identities of your choice Show...

Accounting
1.2K views

McDonald's 2019 return on common equity=?

Accounting
1.2K views

Van Frank Telecommunications has a patent on a cellular transmission process....

Accounting
1.2K views

Suppose Decorum makes 450 celing tans in January and 500 in February. Calculate by hand...