Provide a three page discussion in PDF to address the following:
• Changes to Rev Rec since initial issuance propose impact
• Changes to IFRS 9 since initial issuance propose impact
• Summary of the latest IFRS since 8 excluding 9 and 15
• Reconciliation of IAS versus IFRS and what and why were changes made
• Why a new conceptual framework now, historical and proposed
• Challenges of IFRS lease current approach versus GAAP and proposed by both groups and issues
Need three pages, accounting research paper.