Assignment Choice #1: Foreign Currency Issues

Review the text, Kentouris (2008), other suggested readings, and FASB and IFRS publications to find a foreign currency-related issue that required harmonization. You are to:

1. Summarize the issue or problem.

2. Explain the rule(s) established or discussed to address the issue or problem.

3. Explain how the rule(s) in Step 2 are expected to alleviate or mitigate the issue summarized in Step 1.
Requirements:
Make sure to cite scholarly research, and reference FASB or IFRS publications to support your analysis. Your analysis should be 4-5 pages in length, not counting the required title and reference pages (citing at least 2-3 sources), and must be formatted according to the CSU-Global Guide to Writing and APA Requirements.

Readings:

1. Getting up to speed with IFRS by NEIL BAKER.
2. Mandatory IFRS Adoption and Financial Statement Comparability by FRANCOIS BROCHET, ALAN D. JAGOLINZER and EDWARD J. RIEDL.

Attachment:- Kentouris_2008_Reading.pdf