Accounting hw

Note:I need answers of the following parts. Each part answer must be done in a separate word document. Must include headings before starting new section. Your all work must be in APA and 100% original.

Part A: Assignment Outline

Write 1-2 pages outline of the assignment draft you will complete for part 2. For making the outline, must follow the all instructions about the assignment given in the Part B. Must include 2-3 references in APA. Your answer must be proper and 100% original.

Part B: Assignment Draft

Note: Write 2-3 page paper on the following instructions. Must include 2-3 references in APA. Your answer must be proper and 100% original.

Instructions:

Choose a company from the Securities and Exchange Commission (SEC) EDGAR Web site for your Key Assignment to evaluate for the impact of convergence to IFRS.

Review the financial reports and notes for the company that you have chosen from the EDGAR Web site. Using this company as your point of reference, provide general information on the following:

·         Create an overview on IFRS.

·         What will be some of the main concerns for your company as it moves from U.S. GAAP to IFRS?

·         Generate a list of differences that you would expect to see on your income statement and your balance sheet after the convergence process is complete.

·         Describe what impact the convergence will have on your company’s inventory account (IAS 2). 

·         Describe some of the differences between IFRS and U.S. GAAP regarding the accounting for financial instruments.

·         Give a minimum of 2 examples of how your company will be impacted by the conversion process (IAS 32, IAS 39, and IFRS 7).