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Briefly discuss the concept of convergence in the context of accounting standards.

The primary theme of the paper is Briefly discuss the concept of convergence in the context of accounting standards. in which you are required to emphasize its aspects in detail. The cost of the paper starts from $79 and it has been purchased and rated 4.9 points on the scale of 5 points by the students. To gain deeper insights into the paper and achieve fresh information, kindly contact our support.

Introduce the report – provide a background

State the aim/purpose of the report

Provide an outline of the report.

 

 

Convergence (about 500 words)

Briefly discuss the concept of convergence in the context of accounting standards.

Discuss the benefits and limitations of convergence (about 200 words).

The Adoption of IFRS in Europe (about 550 words)

Discuss the adoption of IFRS in the EU – the process, the impact: benefits, drawbacks etc

 

Convergence of IFRS and US GAAP (about 550 words)

Discuss the process of this convergence, highlighting the need for it, the success so far and the setbacks.

 

IFRS 15 – Revenues from contracts with customers (about 500 words)

Provide an overview of the new standard IFRS15, and contrast it with the superseded standard IAS18