Accounting: U.S. GAAP vs IFRS
The viewpoint and purpose of your paper should be clearly established and sustained. Articulate the differing positions on moving from US GAAP to IFRS. Build an argument in an influential way to include but not limited to a discussion on the similarities and differences between GAAP and IFRS specifically around the potential effects on the stockholders’ equity section of the Balance Sheet. Articulate at minimum three advantages and disadvantages of adopting IFRS specific to the Stockholder’s Equity section of the Balance Sheet. Provide your conclusion. The paper should follow the conventions of Standard English (i.e., correct grammar, punctuation, and spelling). The writing should be well ordered, logical and unified, as well as original and insightful. Include a minimum of five scholarly sources, citing and referencing your sources using APA format and citation style.