Short Answer (International Financial Reporting Standards)

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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.

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