Financial Reporting: Memo to Supervisor:
Write a business memo, in proper form and grammar, that explains the changes in GAAP Standards to the new IFRS Standards.
Address the memo to your supervisor/faculty member. In your memo, consider possible changes to the business/accounting culture of your firm, and be sure to address the following concerns in your memo: Your supervisor is concerned if additional training will be required.
How would you describe the cost/benefit of this training to your supervisor?