Within each discussion thread, one post will be made using Voice Thread, 2-4 minutes in length, explaining either an article on the discussion topic, or assignment work you have done in relation to the discussion topic. Students will review and respond to at least one other student’s Voice Threads, keeping interaction positive, professional and constructive.

Select any principle, rule, term, or general aspect that differs under U.S. Generally Accepted Accounting Principles (U.S. GAAP) and International Financial Reporting Standards (IFRS), also known as “i-GAAP”, and explain this difference in your own words. In your comments also please provide your thoughts on the potential implications of this difference, specifically regarding how it might affect the process of financial reporting or the content of a company’s financial statements.

ScholarMatic: Explanation & Answer

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