ACC 290 Week 5 Open Class Discussion: GAAP versus IFRS Accounting Guidelines

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ACC 290 Week 5 Open Class Discussion: GAAP versus IFRS Accounting Guidelines
ACC 290 Week 5 Open Class Discussion: GAAP versus IFRS Accounting Guidelines
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ACC 290 Week 5 Open Class Discussion: GAAP versus IFRS Accounting Guidelines

Discuss in class, the various differences between GAAP versus IFRS accounting guidelines that were covered in the prior weeks and discussed in your Learning Teams.  Supplement your knowledge with further readings and research from your text and other authoritative sources.

How do the differences relate to the practice of accounting and its uses in business?  What impact do you see that the differences may have on U.S. based businesses?

Please post at least two substantive messages either discussing the GAAP versus IFRS accounting differences or replying to a post made by another student in class.  NOTE:  Substantive posts credited for this assignment do not also count for the Participation assignment for Week 5 which are graded separately.