- Discuss the major differences in the calculation of income between the historical cost model and the current cost model of accounting. Explain the justifications for using each of the aforementioned cost models. Provide your analysis of which method provides for more accurate calculation of income. Provide your source or reference in APA Format and include reference page
- International Financial Reporting Standards
Assume for now that you are against the adoption of International Financial Repoting Standards. Please write an essay to support your assumption.
Your paper should be well written, and in conformity with APA style including in text citation and reference page/. Please cite two outside sources in addition to your textbook. You may also want to explore the following websites:
- www.ifrs.org
- www.fasb.org
- www.aicpa.org
Discuss the major differences in the calculation of income between the historical cost model and the current cost model of accounting. Explain the justifications for using each of the aforementioned cost models. Provide your analysis of which method provides for more accurate calculation of income. Provide your source or reference in APA Format and include reference page International Financial Reporting Standards Assume for now that you are against the adoption of International Financial Repoting Standards. Please write an essay to support your assumption. Your paper should be well written, and in conformity with APA style including in text citation and reference page/. Please cite two outside sources in addition to your textbook. You may also want to explore the following websites: ? HYPERLINK “http://www.ifrs.org” t “_blank” ?www.ifrs.org? ? HYPERLINK “http://www.fasb.org” t “_blank” ?www.fasb.org? ? HYPERLINK “http://www.aicpa.org” t “_blank” ?www.aicpa.org?
Attachments:
Historical ….doc