Write 400–600 words that respond to the following questions with your thoughts, ideas, and comments.
Review the differences in the presentations of the 4 main financial statements (income statement, statement of owner’s equity, statement of cash flow, and
balance sheet) between IFRS and US GAAP.
Choose 2 differences from each of the statements to share in your posts.
Discuss how the changes that you have chosen will impact the financial reporting of U.S. corporations.
Sample Solution