Are the same methods of preparing a statement of cash flow allowed for GAAP and IFRS?, accounting homework help
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1. What are at least three International Accounting Standards? Are these standards the same as U.S. standards? Explain your response. Is it necessary to have global standards? Explain your responses.
2. Are the same methods of preparing a statement of cash flow allowed for GAAP and IFRS?
3. What s the difference between a planing budget and a flexible budget? When would you use each of them?
4. What is meant by absolute profitability? What is meant by relative profitability?
5. What is contingent assets?
6. What are the types of differences between the IFRS and U.S. GAAP?
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