Although they are not required tofollow GAAP, private companies may choose to do so, especially if they wish to obtain loans or other financing, and if they have long-term plans to seek funding from private equity firms and institutionalize the company to be ready for public listing. The bel...
Who needs GAAP?: SEC proposes allowing non-U.S. companies to use IFRS instead.(generally accepted accounting principles)(United States. Securities and Exchange Commission)(International Financial Reporting Standards)Carlino, Bill
A) What are the main differences between generally accepted accounting principles (GAAP) and international financial reporting standards (IFRS)? B) In addition, discuss how that difference impacts financial reporting. C) Lastly, discuss which standard you ...
Answer and Explanation:1 The correct option isd Luca Pacioli is the father of accounting. He was a mathematician from Italy. In the 15th century, he wrote the first book of...
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the balance sheet date. The measurement ...
The proposed SOP focuses on who should apply the equity method of accounting to unconsolidated real estate investments and how they should do so. It would supersede SOP 78-9. Because users applied SOP 78-9 more broadly to investments other than real estate, those interested in accounting for ...
Explain the steps that would be needed for a company, such as Amazon, to transition from GAAP to IFRS. For example, what would this transition entail? What would the company need to do? Describe how the various levels of ow...
Database LISA LISTA SCOPUS Search Strategy "FAIR Data Principles" AND PEER (yes) AND pd (>20160101) TX "FAIR Data Principles"; Expanders: Also search within the full text of the articles; Apply equivalent subjects; Limiters: Full Text; Peer Reviewed; Publication Date: 20160101–20221231; ...