Question

NEED IDEAS PLEASE NOT THE ASSIGNMENT DONE

GAAP/IFRS Paper GAAP and IFRS address accounting processes from different perspectives. Pick a topic where they do not agree and discuss the issue (this is a compare / contrast paper). At least two pages no more than four and include your citations. Cover pages, abstract/ executive summary, table of content if you chose to include or bibliography / reference lists do not count toward page count. You may use one of the conference topics or you may use a totally different topic. Many large Accounting Firms have extensive analyses on GAAP/IFRS issues, so check their websites for the most current information.

Answer 1

As per my understanding regarding the question we nerd to show the areas in which both the GAAP and IFRS Java a different approach. In such a case we can explain the Same by basing on some areas lime Inventory method, Valuation of fixed assets, Classifying the liabilities, Preparation of income statement and item's included in it, Capitalisation of few costs, Scope or areas or locality of operations etc.

This is what I can suggest as per the given scenario.