Which financial accounting topic do you believe is the most researched one? Revenue? Derivatives? Consolidation or anot...
Homework Answers
When the interests of the general public are taken into consideration, most people are not familiar with the processes and responsibilities that are associated with financial accounting. However, one particular topic that the general public is aware of is debt. Therefore, I believe that issues involving debt is the most researched financial accounting topic. I feel that individuals are researching for tips and techniques on how to avoid or get out of debt just as frequently as there are individuals falling into debt.
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Which financial accounting topic do you believe is the most researched one? Revenue? Derivatives? Consolidation or anot...
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The consolidation of financial statements for entities with subsidiaries in multiple countries presents the most challenging difference between IFRS and US GAAP. It would make the most sense for an expanding global economy, that each country agrees upon one way of processing and presenting financial data. This migration may eventually happen, but will most certainly take some time and be quite costly (Forgeas, 2008). IFRS and US GAAP differ in determining how financial statements are consolidated on the basis of...
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