What is the key difference between reporting standards before the year 2000 and after 2000 in accounting?
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- What are the measurement issues in the standard IFRS16? Which basis of measurement is allowed? Why do you think that measurement basis is preferred (explain by referring to qualitative characteristics of financial information)?When a change in accounting policy occurs, what is the indirect effect? Briefly discuss the technique used by the International Financial Documenting Standards (IFRS) to reporting the indirect consequences of a change in accounting policy.Are official IFRS on accounting changes available anywhere?
- Briefly describe some of the similarities and differences between GAAP and IFRS with respect to reporting accounting changes.Is there an indirect consequence to a change in accounting policy? Introduce the methodology for reporting the indirect consequences of a change in accounting policy under International Financial Reporting Standards (IFRS).Why is there a need for a change in the structure of the International Accounting Standards Committee?
- What contemporary factors are contributing to the internationalization of the subject of accounting?Were there violations of GAAP or international accounting standards for petrobras accounting scandals, 2014?Which factor explaining why accounting practices differ across countries do you think is most important? Explain why.