Choose a company from the SEC EDGAR Web site for your Key Assignment to evaluate for the impact of convergence to IFRS.
Part 1
Review the financial reports and notes of the company you have chosen from the EDGAR Web site. Using this company as your point of reference, provide general information on the following questions:
Part 2
For this assignment, use the company you have chosen from the EDGAR Web site as your point of reference.
After the reporting period has ended, you could potentially encounter other events that will have impacts on your company (IAS 10).
Create an overview of considerations regarding income taxes that the company may encounter.
A key area of contention between IFRS and U.S. GAAP lies in the classification and measurement of leases.
Give your opinion on the U.S. moving into IFRS.
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