Assignment details

Pronouncement

Describe what the company is currently doing under GAAP.

What changes will occur under IFRS?

How will the transition to IFRS impact the company?

IFRS 1: First-time Adoption of International Financial Reporting Standards

IFRS 15: Revenue from Contracts with Customers

IAS 1:Presentation of Financial Statements

IAS 7: Statement of Cash Flow

IFRS 13:Fair Value Measurement

IAS 2: Inventory Accounting

IAS 16: Property, Plant and Equipment

IFRS 9: Financial Instruments

IAS 12: Income Taxes

IAS 17: Leases

IAS 10: Events After the Reporting Period