Discussion Post: Intermediate Accounting
U.S. GAAP and IFRS Convergence
Prior to beginning work on this discussion, review the following: Chapters 3 in the textbook
o GAAP vs. IFRS: Why We Should Celebrate Convergence Being Unattainable | World Finance YouTube video.
Write: Make sure your response addressing the following question is more than 200 words and includes an in-text citation or a brief quote from the reading material where appropriate. You may want to review the Citing Within Your Paper resource from the Ashford Writing Center for proper use of citations.
Watch the GAAP vs. IFRS: Why We Should Celebrate Convergence Being Unattainable | World Finance YouTube video, and include the following in your discussion post:
a) Discuss the advantages and disadvantages of U.S. GAAP and IFRS convergence.
b) What role has the codification played?
c) In your opinion, should the United States adopt IFRS standards? Why? How might this impact international companies?
The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.