Determine the major differences in the accounting and reporting of several areas between International Standards and Generally Accepted Accounting Principles
Properly account for assets, liabilities, equity, revenues and expenses under both the IFRS and GAAP
Get abreast of the convergence efforts of the global accounting standards
Recognize the need for standardized reporting and accounting in the twenty first century
Apply the different accounting methods allowed under IFRS and GAAP to multiple situations
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