ACC 563 ACC563 Complete Course
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ACC 563 Week 1 Discussion
"Convergence of IFRS and GAAP" Please respond to the following:
From the first e-Activity, analyze the convergence of IFRS and GAAP as it relates to revenue recognition. Based on your analysis, recommend at least two (2) changes to revenue recognition that would improve financial reporting after the convergence. Justify your response.
From the second e-Activity, analyze the U.S. Security and Exchange Commission’s (SEC’s) position on convergence. Based on your analysis, predict if and when you believe the SEC would mandate the convergence for U.S. companies and the principal way in which U.S. companies might respond to the mandate.
ACC 563 Week 2 Discussion
"Principle and Rule Based Accounting" Please respond to the following:
Debate it! Rules-based accounting results in more effective financial reporting than principle-based accounting. Provide a rationale for your response.
Assume that convergence becomes a reality. Predict the governing body that would be in control, and suggest the strategic way in which they will administer accounting standards in the future.
ACC 563 Week 3 Discussion
"Accounting Research and Education" Please respond to the following:
Analyze current major accounting research tools. Based on your analysis, suggest at least two (2) new tools that could improve accounting research. Provide support for your rationale.
Debate it! Higher education is providing students with sufficient skills to enter the accounting profession and succeed. Justify your response.
ACC 563 Week 4 Discussion
"IFRS and GAAP Differences" Please respond to the following:
From the e-Activity, analyze the most significant differences between IFRS and GAAP. Choose one (1)...