Accounting/Finance

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Zhapuxva

Business Finance

Description

I need a 1 - 2 page report on the following and then the attached impact analysis chart completed for only parts IAS2, IAS16 & IFRS13. Please do not choose this if you do not understand what needs to be accomplished or cannot meet the deadline!

For IBM (International Business Machines Corporation), compare and contrast the following pronouncements and the current GAAP standards:

  • Inventory costing method (IAS2)
  • Valuation of the property plant and equipment (IAS16)
  • Fair value measurement standards (IFRS 13)

Explain any necessary updates to the financial statements based on your understanding of the new IFRS.


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Impact Analysis Chart [Name of Company] Pronouncement IFRS 1: First-time Adoption of International Financial Reporting Standards IFRS 15: Revenue from Contracts with Customers IAS 1:Presentation of Financial Statements IAS 7: Statement of Cash Flow IFRS 13:Fair Value Measurement IAS 2: Inventory Accounting IAS 16: Property, Plant and Equipment IFRS 9: Financial Instruments IAS 12: Income Taxes IAS 17: Leases IAS 10: Events After the Reporting Period Describe what the company is currently doing under GAAP. What changes will occur under IFRS? How will the transition to IFRS impact the company?
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Explanation & Answer


Anonymous
Awesome! Perfect study aid.

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