Question Details

ACC 563 Week 1 Discussion
"Convergence of IFRS and GAAP" Please respond to the following:
•From 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. Justify your response.
•From the second e-Activity, analyze the U.S. Security and Exchange Commission- (SEC-) position on convergence. Based on your analysis, predict if and when you believe the SEC would mandate the convergence for U.S. companies and the principal way in which U.S. companies might respond to the mandate.

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