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ACC 680 Module Four Homework Guidelines and Rubric This case asks you to prepare a reconciliation schedule to convert 2014 income and stockholders’ equity from a U.S . GAAP basis to IFRS. The case study begins on begins on page 177 and ends on page 178 of textbook , at the end of Chapter 4. Your work should address the following critical elements:  Convert the inventory figures from U .S. GAAP to IFRS and discuss the impact that a switch to IFRS would have on its financial statement.  Convert the property, plant, and equipment figures from U .S. GAAP to IFRS and discuss the impact that a switch to IFRS would have on its financial statement.  Convert the intangible assets figures from U .S. GAAP to IFRS and discuss the impact that a switch to IFRS would have on its financial statement.  Convert the research and development costs figures from U .S. GAAP to IFRS and discuss the impact that a switch to IFRS would have on its financial statement.  Convert the sale -and -leaseback transaction figures from U .S. GAAP to IFRS and discuss the impact that a switch to IFRS would have on its financial statement.  Present your findings in a clear and understandable fashion. Guidelines for Submission: Your case study submission does not need follow APA formatting. You can submit your reconciliation in Word or Excel , with the key goal being to present your work in a clear and understandable fashion . Instructor Feedback: This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more in formation, review these instructions . Critical Elements Proficient (100% ) Needs Improvement (70% ) Not Evident (0% ) Value Inventory Inventory figures are represented correctly with no errors and a re fully explained in the notes Inventory figures are represented with 1—2 errors and are explained in the notes Inventory figures are not represented or contain numerous errors. The included notes are not complete o r do not contain enough details 18 Property, Plant, a nd Equipment Property, plant, and equipment figures are represented with no errors and a re fully explained in the notes Property, plant, and equipment figures are represented with 1—2 errors and are explained in the notes Property, plant, and equipment figures are not represented or contain numerous errors. The included notes are not complete or do not contain enough detail s 18 Intangible A ssets Intangible assets figures are represented with no errors and a re fully explained in the notes Intangible assets figures are represented with 1—2 errors and are explained in the notes Intangible assets figures are not represented or contain numerous errors. The included notes are not complete o r do not contain enough details 18 Research and Development Costs Research and development cost figures are represented with no errors and a re fully explained in the notes Research and developm ent cost figures are represented with 1—2 errors and are explained in the notes Research and development cost figures are not represented or contain numerous errors. The included notes are not complete or do not contain enough details 18 Sale -and -Leaseback Transaction Sale -and -leaseback transaction figures are represented with no errors and are fully explained in the notes Sale -and -leaseback transaction figures are represented with 1—2 errors and are explained in the notes Sale -and -leaseback transaction figures are not represented or contain numerous errors. The included notes are not complete or do not contain enough details 18 Presentation Excellent presentation that follows appropriate format, includes all classifications, and has no spelling or math errors Adequate presentation that largely follows appropriate format but omitted two classifications and/or has one to two spelling or math errors Poor presentation that does not follow appropriate format, omitted three classificat ions, and/or has five or more s pelling and/or math errors 10 Total 100%