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Topic 1: Select any transaction which is reported differently by FASB and IFRS. Explain these differences. Which format of reporting do you believe is a better reporting of the economic substance of the transaction. (1 page)
Topic 2: Does having a Code of Ethics for Professional Accountants improve financial reporting in countries? Explain why or why not. (1 page)
You MUST use primarily authoritative, scholarly reference sources in addition to your text as support for your discussion posts.
Requirements:
All posts (both initial and responses) must be substantial (about 3 paragraphs each) and each of your initial posts must be supported by 3 peer-reviewed (from the KU library) /authoritative sources, not including the textbook, cited properly in APA format. Responses should have proper support as applicable.
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