Your supervisor at YOUCPA wants to know what you think about the proposed change from GAAP to IFRS in the United States and how it will impact revenue recognition. Describe the methods of revenue recognition under each of the following: U.S. GAAP IFRS Describe 1-2 ways in which these 2 methods differ. Do you think that the traditional U.S. GAAP method of revenue recognition fulfills the needs of the International Financial Reporting System? Why, or why not? In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings. Grading Criteria 25% Description of revenue recognition under U.S. GAAP 25% Description of revenue recognition under IFRS 25% 1-2 ways in which these 2 methods differ 25% Do you think that the traditional U.S. GAAP method of revenue recognition fulfills the needs of the International Financial Reporting System? Why, or why not? For assistance with your assignment, please use your text, Web resources, and all course materials. Unit Materials Unit 2 Course Materials
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