International Accounting Standards, GAAP standards, Accounting
The purpose of this paper is to study the history of the international standards; and the motivation for achieving a common standard set worldwide; the major differences between the international standards and the currently required GAAP standards within the United States; and what accounting firms and companies are doing to prepare for such a transition. Furthermore, I attempt to understand the monetary effects that IFRS will have on financial statements in the transition from GAAP and the implications such a transition could likely have on whether the ultimate goal of common standard sets can be achieved.
Department 1 Awarding Honors Status
Williams, C. (2009). The Effects of International Financial Reporting Standards Convergence within the United States (Undergraduate honors thesis, University of Redlands). Retrieved from https://inspire.redlands.edu/cas_honors/42
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