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Discussion Board- bookkipping

In the US, financial accounting is currently governed by GAAP (Generally Accepted Accounting Principles). These "rules" are developed and monitored by the FASB (Financial Accounting Standards Board). However, the rest of the world is under the guidance of IFRS (International Financial Reporting Standards) which are created by the IASB (International Accounting Standards Board). The US is on track to abandon GAAP and adopt IFRS over the next several years. The following video gives an overview of this process: http://www.youtube.com/watch?v=LagdwuwGNsE After watching the video, please weigh in on the debate: do you think the US should adopt international standards or continue with our current standards?
In the US, financial accounting is currently governed by GAAP (Generally Accepted Accounting Principles). These "rules" are developed and monitored by the FASB (Financial Accounting Standards Board). However, the rest of the world is under the guidance of IFRS (International Financial Reporting Standards) which are created by the IASB (International Accounting Standards Board).
Assignment ID
372365
Discipline
CREATED ON
23 January 2018
COMPLETED ON
24 January 2018
Price
$40
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23 January 2018
User posted an order for Accounting
23 January 2018
15 writers responded and offered to do the job for a price between $25 and $25
23 January 2018
User contacted writer ReubenKevin
23 January 2018
User hired writer ReubenKevin who offered a price of $25 for the job and has experience doing similar assignments
24 January 2018
Writer completed order Discussion Board- bookkipping for 1 day, meeting the deadline
24 January 2018
User accepted the job right away and completed the payment
24 January 2018
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