ACCT525 Week 3 Discussion Latest 2019 December

Question

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ACCT525 Current Issues in Accounting

Week 3 Discussion

CODIFICATION AND IFRS (GRADED)

Please note that a total of THREE quality responses are required each week.

1. Do you feel that the codification is really necessary, especially given that entire generations of accountants already understood where to find information? Do you think it’s worth the cost?

2. How are IFRS and the codification related? Do you feel that IFRS adoption could happen without codification?

 

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