Research these two contemporary accounting topics below:
How International Financial Reporting Standards (IFRS) differ from Generally Accepted Accounting Principles (GAAP)
The adoption of International Financial Reporting Standards in the United States,
Define and describe the topics, citing real-life examples of their uses.
Critique the pros and cons of the topics.
Assess the popularity of the topics and what type of global companies or individuals use them.
Hypothesize the future use of the topics; be sure to support your position with facts.
