ACC 610 Milestone One Guidelines and Rubric
This is the first of three milestone assignments that will lead to completion of your course project. In this assignment, you will complete Critical Element III: GAAP vs. IFRS. Recall that, due to the sequencing of content for the modules, the critical elements are being prepared out of order. For the complete sequence, see the
Final Project Guidelines and Rubric document.
This milestone addresses the following course outcome:
Differentiate between the Generally Accepted Accounting Principles and the International Financial Reporting Standards for their impact on financial statements. If you have not already done so, select the company that you will use to build your portfolio. For
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IFRS:
Transition
Meets “Proficient” criteria and provides keen insight on how the chosen company would implement these steps
Explains the steps that would be needed for the chosen company to transition from
GAAP to IFRS
GAAP vs. IFRS: Financial
Statement
Meets “Proficient” criteria and explanation shows a nuanced understanding of the differences between IFRS and
GAAP
Submission is free of errors related to citations, grammar, spelling, syntax, and organization and is presented in a professional and easy-toread format
Explains how a financial statement would differ under
IFRS as opposed to GAAP
Articulation of
Response
Submission has no major errors related to citations, grammar, spelling, syntax, or organization
Explains the steps that would be needed for the chosen company to transition from
GAAP to IFRS but explanation lacks depth or detail
Explains how a financial statement would differ under
IFRS as opposed to GAAP but explanation lacks depth or
1. Question: Why does Gatto think that school is boring and childish? How does Gatto’s depiction of school compare with your own elementary and secondary school experience?
2. Draw a flow diagram of the unit operations involved in sugar refining and at each step write a brief sentence explaining what is occurring. Use the information from SKIL site to develop your flow chart. Since the information does not start from the beginning of the refining process, please include an extraction step (extraction is explained in your textbook). Either milling or diffusion is
Detailing how a human service organization focused on providing job skills to high school dropouts would address the following:
1. Explain how observed teleconnection patterns can help in the preparation of a seasonal weather forecast.
Methamphetamines (Meth) cause a wide array of problems with its users, a lot of which are permanent. Meth’s affects range from neurological issues, alertness, paranoia, and aggression. It also leads to psychological and physical disorders. Because Meth is a stimulant, it can cause the user to be up for days and even weeks at a time causing stress to the body and can result in over exerting oneself and inevitably something will give. Personal problems from users will be talked about, as well as scientific studies on the Meth epidemic.
1) You can call the module several times instead of writing it out each time.
In the parenthesis enter the cell number and letter to find total expenses per week. (i.e.) =sum(b5:b11)
1. Assuming an American retailer is considering opening an electronics store. Based on the information below, would you recommend Mexico or Ireland as a more attractive foreign market? Why? Be sure to explain the benefits of each country, and then why you ultimately chose one over the other.
In order to replace human senses, computers needed input devices for perception and data entry.
Pologeorgis (2012) stated that the diversity of accounting principle has an essential impact on the stock markets, corporate management, and financial reporting. He pointed that when people seeking for international capitals, varies of dissimilar accounting principles create discrepancies in their financial reporting. If people cannot understand the differences between IFRS and GAAP, they may have the chance to make the wrong decisions and loss money in the capital markets. Pologeorgis (2012) also mentioned that international investors have to relearn the new principal in order to be more familiar with the international standards. Based on above, there is a keen motivation for people to understand the differences and similarities of GAAP and IFRS. This research will show business people the main similarities and differences of GAAP and IFRS.
What is the thesis of Johnson’s essay? If it is stated directly, locate the relevant sentence or sentences. If it is implied, state the thesis in
Read the following short essay, and then write a 3-5 page response (12-point font, double-spaced, normal margins, no cover page, no binders). Your response should do the following three things: (1) state what the main conclusion of the essay is; (2) state what the most important premises (including sub-conclusions) are—i.e., state which premises are most important if the argument is to rationally convince its audience; (3) evaluate the quality of the argument, giving detailed reasons to justify your evaluation. For purposes of evaluation, assume that the speaker is a contemporary Canadian philosopher and the audience is a group of students in Introduction to Philosophy.
This research project will inform the reader of the difference between the United States accounting standards and International accounting standards. The United States uses the Financial Accounting Standards Board (FASB) to issue financial reporting procedures. The International Financial Reporting Standards (IFRS) are issued by the International Accounting Standards Board (IASB). There are proposals for the United States to adopt the International standards. Financial reporting procedures are debated about the United States using the Generally Accepted Accounting Procedures (GAAP) or following the global procedures. This
1. Based on the readings from weeks one and two, discuss the images of America the European writers constructed to promote colonization and settlement. What kinds of unique natural resources and environmental factors did they extol in their accounts of the New World? Relate these images to natural resources and environmental factors today.
Nicki asks if Dana believes in her, it is a big step for Dana to allow Nicki, a person she met only a few weeks earlier, to save her sister from going through the abuse she went through as a younger child. Nicki is able to save Dana’s sister and helps Dana learn to trust her mother and sister again. In conclusion Dana becomes a trusting individual when she learns her sister is in trouble and opens up to let Nicki help.