Get help for Strayer-University ACC 563 . \u2022From 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. \u2022From the second e-Activity, analyze the U.S. Security and Exchange Commission\u2019s (SEC\u2019s) position on convergence. Based on your analysis, predict if and when you believe the SEC would mandate the convergence for U.S. U.S. companies might respond to the mandate. Rules-based accounting results in more effective financial reporting than principle-based accounting. Provide a rationale for your response. \u2022Assume 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. \u2022Analyze current major accounting research tools. Based on your analysis, suggest at least two (2) new tools that could improve accounting research.<\/p>\n
Provide support for your rationale. Higher education is providing students with sufficient skills to enter the accounting profession and succeed. \u2022From the e-Activity, analyze the most significant differences between IFRS and GAAP. Choose one (1) major difference, and propose one (1) solution to eliminate or mitigate potential negative impact on financial reporting that this difference might create. \u2022From the e-Activity, predict the most substantial impact on your company\u2019s balance sheet that IFRS and GAAP convergence could create. Provide support for your rationale. 1. Research the most important impact that the mission of the Emerging Issues Task Force (EITF) exerts upon the Financial Accounting Standards Board (FASB). Analyze the EITF\u2019s effectiveness with finding resolutions to emerging accounting issues, and make at least two (2) recommendations as to how they could improve their effectiveness. 2. Research the issue you selected from the EITF\u2019s \u201cDescription and Status of Current Issues\u201d page, and analyze at least two (2) key areas being addressed by the EITF.<\/p>\n
4. Create an argument either in favor or against the EITF recommendation(s) on the issue that you have selected. Provide support for your argument. 5. Analyze the different accounting treatments between GAAP and IFRS for the issue that you have selected, and make at least two (2) recommendations that would have a positive impact on the differences between treatments. 6. Predict the roles that the EITF and FASB would play, should the accounting profession adopt one (1) global set of accounting standards. 7. Use at least three (3) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academic resources. \u2022Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. \u2022Include a cover page containing the title of the assignment, the student\u2019s name, the professor\u2019s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.<\/p>\n
\u2022Analyze the development process of accounting in the United States including the role of ethics in the profession and the movement toward international accounting standards. \u2022Examine the conceptual framework for accounting including principle and rule-based accounting standards and the convergence process for the two different methods. \u2022Examine research methodology and theories on the uses of accounting information including the relationship among research, education, and practice. \u2022Use technology and information resources to research issues in advanced accounting theory. \u2022Write clearly and concisely about advanced accounting theory using proper writing mechanics. \u2022From the e-Activity, analyze the most important approach to working capital management. Create an argument that asserts that this approach is the least efficient method for managing working capital. Recommend at least two (2) improvements to managing working capital. Provide a rationale for your response. \u2022Propose at least two (2) other financial items that are not currently included in working capital, but should be.<\/p>\n
Provide support for your answer. \u2022From the e-Activity, formulate a strategy that your company could use in order to break assets into components for depreciation purposes under IFRS. Support your strategy with examples. \u2022From the e-Activity, take a position as to whether you believe that revaluation under IFRS is a more or less accurate financial statement representation of asset values than the GAAP approach. Using the Internet or Strayer databases, choose two (2) different companies, and research the components of their respective working capital structures. 1. Analyze the fundamental differences between the working capital structures and components for each chosen company, and speculate upon the main reasons why such differences exist. 2. Based on your analysis above, make at least two (2) recommendations as to how each company could improve its working capital positions. Provide support for your recommendations. 3. Place yourself in the role of a Wall Street Analyst who has to recommend one (1) of the companies as an investment to a company\u2019s clients.<\/p>\n","protected":false},"excerpt":{"rendered":"
Get help for Strayer-University ACC 563 . \u2022From 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 Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[11,14],"class_list":["post-429702","post","type-post","status-publish","format-standard","hentry","category-essay-paper-writing","tag-assignment-writing-service","tag-write-my-essay"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/429702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=429702"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/429702\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=429702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=429702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=429702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}