Publication Date
1-1-2009
Document Type
Dissertation/Thesis
First Advisor
Riley, Mark
Degree Name
B.S. (Bachelor of Science)
Legacy Department
Department of Accountancy
Abstract
International Financial Reporting Standards (IFRS) is on a crash course for adoption in the United States, which uses United States GAAP. Many differences and disparities exist between the two accounting standards. The means of adoption in the United States is still under discussion, but the ramifications will be felt in many areas. Companies will have to prepare and make the necessary adjustments in their operations. The main research method used in my thesis was business magazines and other accounting websites. Due to the fact that this topic is relatively new, many books were not sufficient for my research. My faculty advisor did a phenomenal job at providing resources that would incorporate my topic. My findings included that some industries would incur millions of dollars in extra costs due to the exclusion of some methods used currently in the United States.
Recommended Citation
Rehor, Daniel, "Implications of IFRS in the United States" (2009). Honors Capstones. 651.
https://huskiecommons.lib.niu.edu/studentengagement-honorscapstones/651
Extent
17 pages
Language
eng
Publisher
Northern Illinois University
Rights Statement
In Copyright
Rights Statement 2
NIU theses are protected by copyright. They may be viewed from Huskie Commons for any purpose, but reproduction or distribution in any format is prohibited without the written permission of the authors.
Media Type
Text
