This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: At a minimum, a switch to IFRS from GAAP will affect companies' accounting information system by (Read 82 times)

bcretired

  • Hero Member
  • *****
  • Posts: 525
on: Apr 8, 2019

Question 1

A major way in which IFRS differs from GAAP that will affect the design of a company's general ledger and reporting system is an IFRS principle known as
◦ componentization.
◦ monetization.
◦ securitization.
◦ centralization.

Question 2

At a minimum, a switch to IFRS from GAAP will affect companies' accounting information system by
◦ requiring companies to increase the processing power of their existing accounting information systems.
◦ requiring IT departments to hire programmers that are fluent in languages besides English.
◦ requiring the creation of additional fields in research and development (R&D) records to capture information about the stage of research and development that costs are incurred in.
◦ requiring firms to completely redesign their existing accounting information systems because current systems are not compatible with IFRS accounting principles.
Accounting Information Systems ¦ Romney, Steinbart ¦ 14th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by bcretired on Apr 8, 2019

parshano

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Apr 8, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


bcretired

  • Member
  • Posts: 525
Reply 2 on: Apr 8, 2019
Thanks for the timely response, appreciate it

Alyson.hiatt@yahoo.com

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Mechanoreceptors in the lateral line system that detect changes in water movement. Mechanoreceptors in the lateral line system that detect changes in water movement.
A Binary Star System A Binary Star System
Relationship of the lymphatic system to the cardiovascular system. Relationship of the lymphatic system to the cardiovascular system.
Control of lipolysis in adipose cells by a cAMP-mediated cascade system Control of lipolysis in adipose cells by a cAMP-mediated cascade system
Male Reproductive System - Ejaculatory ducts Male Reproductive System - Ejaculatory ducts
Video: Transcription - Introns and exons

For a complete list of videos, visit our video library