Accounting

Accounting
US GAAP & IFRS account for property, plant & equipment slightly different.
1. Explain how the two sets of standards account for the following issues:
– Interest incurred during construction of asset
– Direct & indirect costs incurred in self-constructed assets
– Valuation/reporting of property, plant & equipment in the balance sheet.
– Refer to at least one annual report using each set of standards (i.e. one American and one international). Include in an appendix copies of the footnotes related to the valuation/reporting of property, plant & equipment in those reports.
2. Explain the implications of the differences, if any, on the usefulness & comparability of the financial statements.

Length and Presentation Requirements
Each report should meet the following requirements:
1. There should be a, Title page, Table of contents, Executive Summary, Introduction, Body of the report, Conclusion, Appendices, and References.
2. Reports should be typed, 1.5 spaced, on one side of the paper only
3. Pages are numbered
4. 3 cm margin on all sides
5. Referencing follow the following format: Book [Brown, J, (1998) Essay Writing for University Students, Sage, London], Journal Article [Brown, G. (1998) “Some things …”, Journal of Self Improvements, Vol. 3, No. 2, pp 4-15., and for others follow an acceptable academic format.

 
ORDER THIS ESSAY HERE NOW AND GET A DISCOUNT !!!

You can place an order similar to this with us. You are assured of an authentic custom paper delivered within the given deadline besides our 24/7 customer support all through.