Record Details

Assessment of business subsidiary operations and consolidated financial statements through a common global accounting language, IFRS vs. GAAP

International Journal of Business and Social Research

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ISSN 2164-2559
2164-2540
 
Authentication Code dc
 
Title Statement Assessment of business subsidiary operations and consolidated financial statements through a common global accounting language, IFRS vs. GAAP
 
Personal Name Lee, Paul J.
Associate Professor Department of Accounting Cleveland State University 2121 Euclid Avenue, Cleveland, OH 44115-2214
 
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Summary, etc. The focus of this paper is to provide a comprehensive overview of financial accounting as it relates to business combinations.  Additionally, comparisons have been made with regard to International Financial Reporting Standards (IFRS) and United States Generally Accepted Accounting Principles (US GAAP).  Inclination for the research is based upon the study of IFRS and US GAAP separately at the collegiate level, having a solid understanding of full consolidation under US GAAP, and the desire to learn more about full consolidation under IFRS.   Due to convergence of IFRS with US GAAP on many levels of accounting practices, the overview of full consolidation and logic behind such convergences proves significant in determining usefulness and impact of provided financial data.  
 
Publication, Distribution, Etc. LAR Center Press
 
Electronic Location and Access application/pdf
https://thejournalofbusiness.org/index.php/site/article/view/746
 
Data Source Entry International Journal of Business and Social Research; Vol 5, No 7 (2015): July
 
Language Note eng
 
Terms Governing Use and Reproduction Note Copyright (c) 2015 International Journal of Business and Social Research