MBA 560 Financial and Managerial Accounting Module 3 Discussion

MBA 560 Financial and Managerial Accounting Module 3 Discussion

BUY HERE⬊

http://mxstudent.com/mba-560-financial-and-managerial-accounting-module-3-discussion/

US GAAP follows the Historical Cost Concept in valuing the cost of long-term assets. Explain this principle and how it compares to the standards used in the reporting of long-term assets under International Financial Reporting Standards (IFRS). If there is a convergence of standards, which method do you believe should be used and why?