Review the differences in the presentations of the 4 main financial statements (income statement…
Buy and Download >
Primary Task Response:Within the Discussion Board area, write 400–600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas:
Review the differences in the presentations of the 4 main financial statements (income statement, statement of owner’s equity, statement of cash flow, and balance sheet) between IFRS and US GAAP.
- Choose 2 differences from each of the statements to share in your posts.
- Discuss how the changes that you have chosen will impact the financial reporting of U.S. corporations.
- *Citations and References in APA format.