(Answered) Assignment participation questions1in what ways is ifrs

Accounting

Assignment: PARTICIPATION QUESTIONS

1. In what ways is IFRS similar to FASB?

2. How many countries have adopted IFRS?

3. What are at least International Accounting Standards?

4. Are these standards the same as U.S. standards? Explain your response.

5. Is it necessary to have global standards? Explain your response.

6. What are some nonfinancial performance measures?

7. What do they tell us about the performance of an organization?

8. Why is it important for managers to include nonfinancial performance standards in their analysis of their operations?

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