Briefly describe some similarities and differences between GAAP and IFRS with respect to the accounting for liabilities.

The summary should be structured in a subject-by-subject format. Your essay should include the answers to the following:
• IFRS 8-1: What are some steps taken by both the FASB and IASB to move to fair value measurement for financial instruments? In what ways have some of the approaches differed?
• IFRS 9-1: What is component depreciation, and when must it be used?
• IFRS 9-2: What is revaluation of plant assets? When should revaluation be applied?
• IFRS 9-3: Some product development expenditures are recorded as development expenses and others as development costs. Explain the difference between these accounts and how a company decides which classification is appropriate.
• IFRS 10-2: Explain how IFRS defines a contingent liability and provide an example.
• IFRS10-3: Briefly describe some similarities and differences between GAAP and IFRS with respect to the accounting for liabilities.
Format your essay consistent with APA guidelines.
Use the Financial Accounting text and at least two additional scholarly-reviewed references

Type of paper Academic level Subject area
Number of pages Paper urgency Cost per page:
 Total:

Order Management

15%
get 15% discount on your first order code:first15

Premium Service

  • 100% Custom papers
  • Any delivery date
  • 100% Confidentiality
  • 24/7 Customer support
  • The finest writers & editors
  • No hidden charges
  • No resale promise

Format and Features

  • Approx. 275 words / page
  • All paper formats (APA, MLA, Harvard, Chicago/Turabian)
  • Font: 12 point Arial/Times New Roman
  • Double and single spacing
  • FREE bibliography page
  • FREE title page

0% Plagiarism

We take all due measures in order to avoid plagiarisms in papers. We have strict fines policy towards those writers who use plagiarisms and members of QAD make sure that papers are original.


Last Completed Projects

# topic title discipline academic level pages delivered
6
Writer's choice
Business
University
2
1 hour 32 min
7
Wise Approach to
Philosophy
College
2
2 hours 19 min
8
1980's and 1990
History
College
3
2 hours 20 min
9
pick the best topic
Finance
School
2
2 hours 27 min
10
finance for leisure
Finance
University
12
2 hours 36 min
© 2015 researchteam