ACC 201 Principles of Accounting I Discussion 8 (St. Leo)

ACC 201 Principles of Accounting I Discussion 8 (St. Leo)

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Review the sections on international accounting (IFRS) in each of Chapters 7, 9, 10, 11, and 12. Discuss the major similarities and differences between U.S. GAAP and IFRS. Which of the differences do you find most interesting? If there is a convergence between U.S. GAAP and IFRS, would you choose the U.S. GAAP or IFRS method? Has your opinion changed since your discussion in Module 4? Why?