Instructions
Please discuss similarities and differences between U.S. GAAP and IFRS regarding one of the following:
The recognition, measurement, and disposition of receivables.
Accounting and reporting for plant assets and intangible assets.
Accounting and reporting for current liabilities.
Accounting and reporting for long-term liabilities such as bonds and notes.
Accounting and reporting for equity.
Accounting and reporting for the statement of cash flows.
You are required to write a 1,000-word paper addressing the following:
Introduction
Summary of the GAAP and IFRS standard
Discussion of the similarities and differences among each standard
Relate each standard to the relevant topic you learned in class
Conclusion
The 1,000-word minimum is NOT included in the title or reference page. The paper MUST be in APA format. Please submit the document in Word format. Save your document as “LastnameFirstinitial-ACCT300-8”. Submit the document with a Turnitin Originality Report of 25% or less by midnight Eastern Time on Day 7 (Sunday). A report with a similarity index less than 25% is acceptable for undergraduate level work.
Turnitin.com is an excellent resource to check the content and quality of writing assignments and to avoid plagiarism. An Originality Report will be generated upon paper submission. The Originality report does not actually recommend changes. It does point out where you may need to add a citation or quotation marks (if not already cited). Once you use it a few times, you will appreciate this tool, as it will assist you in improving quality and content, as well as avoid plagiarism. Your goal is to keep direct quotations to a minimum and to make sure that you do not just cut and paste material. Ensure that all your references are cited.
This assignment will be evaluated based on the following Writing Assignment Grading Rubric:
Guidelines
Writing Assignment Grading Criteria
Content (60%)
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Response demonstrates a clear understanding of the key elements of assignment questions.
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Response thoroughly covers the elements in a substantive manner.
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Response demonstrates critical thinking and analysis.
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Content is complete and accurate.
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Introduction and conclusion provide adequate information on the given topic.
Organization (20%)
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Paper structure is clear and easy to follow.
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Ideas flow in a logical sequence.
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Introduction provides a sound introduction to the topic and previews major points.
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Paragraph transitions are logical and support the flow of thought throughout the paper.
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The conclusion thoroughly reviews the major points.
Writing Style, Grammar, APA Format (20%)
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Sentences are well constructed, complete, clear, and concise.
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Words used are specific an unambiguous.
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The tone is appropriate to the content and assignment.
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Grammar, spelling, and punctuation are correct.
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APA guidelines (6th edition) are followed, such as headers, citations, references, etc.
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Effective use of aids such as sections, summaries, table of contents, indices, and appendices (if appropriate).
