Comparing IFRS to GAAP Presentation
Create a 2 slides, including detailed speaker notes that act as the script of the presentation or a voiceover, of an analysis of IFRS versus GAAP accounting. Include the following in the presentation of your team’s discussion regarding IFRS versus. GAAP. The summary should be structured in a subject-by-subject format.
Your discussion should include the answers to the following: (2 slides each bullet point)
- IFRS 4-1: Compare and contrast the rules regarding revenue recognition under IFRS versus GAAP.
- IFRS 4-2: Under IFRS, do the definitions of revenues and expenses include gains and losses? Explain.
Format: APA format (include references)
