REVEAL TECHNOLOGIES: A CASE OF KEY DIFFERENCES BETWEEN U.S. GAAP & IFRS AND THE IMPACT ON FINANCIAL PERFORMANCE EVALUATION
Keywords:
accounting, GAAP, financial statementsAbstract
This case gives students the opportunity to apply their knowledge of the differences between U.S. Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) by making a series of adjustments to a company’s U.S. GAAP basis account balances to reflect IFRS. Students then construct IFRS-based financial statements and compare financial performance measures for the company. Finally, students consider the effects of the different standards as a means of evaluating which gives more insight into the company’s financial condition.
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Published
2024-01-27
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Cases
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