ACC 616 Topic 5 Benchmark Convergence Memo to the Client GCU
ACC 616 Topic 5 Benchmark Convergence Memo to the Client GCU
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This Course:
Details:
Either subscribe (fee) to IFRS or register for the free limited access at http://www.iasb.org/IFRSs/IFRS.htmWrite
a convergence memo (500-750 words) to the client discussing the current state
of convergence between IFRS and U.S. GAAP on revenue recognition. You may
use the “Memo Template” provided. In your memo, be sure to address the
following:
- Describe
the similarities and differences in accounting for revenue recognition
under the international standards and the FASB standards.
- Identify
(in general terms) the possible impact on the financial statements of your
specific company of changing from FASB to IFRS.
- How
should these items be disclosed under IFRS and FASB?
You must integrate at least two academic sources, in
addition to the AICPA website and the IFRS website, in your discussion.
While APA style is not required for the body of this
assignment, solid academic writing is expected, any documentation of sources
should be presented using APA formatting guidelines, which can be found in the
APA Style Guide, located in the Student Success Center.
This assignment uses a rubric. Please review the
rubric prior to beginning the assignment to become familiar with the
expectations for successful completion.
You are required to submit this assignment to
LopesWrite. Please refer to the directions in the Student Success Center.
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ACC 616 Topic 5 Benchmark Convergence Memo to the
Client GCU


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