Do U.S. GAAP and IFRS (under IAS No. 39) differ in how they account for otherthan- temporary impairments? Explain.

Which organization is responsible for promulgating U.S.​ GAAP?

what alternatives does FASB ASC Topic 305 provide in assessing the impairment?

How is the date of transition and the date of reporting determined in first-time adoption of IFRS?

Why is the FASB Codification Project so important to the U.S. adoption of IFRS? What is the status of the FASB Codification Project?

Please focus on Goodwill when you answer the question below and when you apply an example to it.  The question: Explain and analyze the effect of major differences between IFRS and U.S. GAAP on Financial statements in terms of Definition, recognition, Measurement, and alternative methods of measrument (if allowed), the requirements, the presentation of the items in financial statements, and disclosure in the notes of the financial statements.

How does APB #17differ from current requirements under FASB Codification for expensing of goodwill?

How might a license for symbolic intellectual property be treated differently under IFRS as compared to U.S. GAAP?

49) IFRS and GAAP a) are diametrically opposed in their accounting for impairments of assets held for disposal. b)  are similar in the accounting for impairments of assets held for disposal. c) are moving toward common ground in their accounting for impairments of assets held for disposal. d) are moving further apart in their accounting for impairments of assets held for disposal.

Why was changes launched by the professional standard-setting bodies to abandon AASB117/IAS17 from AASB16/IFRS16  for leases?