Identify at least three financial statement disclosures on each annual report that are included in the FASB-IASB convergence project. This is six different financial statement disclosures.
Explain and cite the disclosures made by the companies and include the annual report page numbers.
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Research the FASB and IFRS accounting pronouncements and find the specific ones that support each of the disclosures in the company financial reports.
For each FASB and IFRS disclosure, summarize the complementary position taken by FASB or IASB and discuss how the accounting standards differ in the accounting treatment for that disclosure topic. This is six complementary positions. Stick to the key points. Please include the pronouncement number.
revenue, Net loss in both U.S. GAAP, IFRS