prepare down a six to eight (6 to 8) page paper in which you:
In brief describe the corporation you researched (in one short paragraph).
Given the SEC's present position on requiring U.S. publicly traded companies to report by using the IFRS method of accounting, describe whether or not it would be advantageous or punitive to the company when adopting IFRS. Describe your rationale.
Find out the differences which would take place (or have occurred) by using IFRS for the income statement, balance sheet and statement of cash flows, and how these differences might attract investors to the company.
Compare and contrast the differences in the financial statements, and the merits and demerits of using IFRS versus GAAP reporting.
Make recommendations as to whether the company you researched must use IFRS or GAAP as its reporting standard. Describe your rationale.
Comprise three external peer-reviewed sources to support your position.