HOMEWORK 2

Using the data provided in the S. A. Harrington Company case on pages 230—231 of your textbook, prepare a reconciliation schedule to reconcile 2015 net income and stockholder’s equity from U.S. GAAP to IFRS. Specifically, create a file (either Word or Excel) that addresses the following:

• Convert the restructuring figures from U.S. GAAP to IFRS and discuss the impact that a switch to IFRS would have on its financial statement.
• Convert the pension plan figures from U.S. GAAP to IFRS and discuss the impact that a switch to IFRS would have on its financial statement.
• Convert the stock options figures from U.S. GAAP to IFRS and discuss the impact that a switch to IFRS would have on its financial statement.
• Convert the revenue recognition figures from U.S. GAAP to IFRS and discuss the impact that a switch to IFRS would have on its financial statement.
• Convert the bonds payable figures from U.S. GAAP to IFRS and discuss the impact that a switch to IFRS would have on its financial statement.
• Finally, present your findings in a clear and understandable fashion.

Your case study submission does not need to follow APA formatting but needs to be presented in a clear and understandable fashion.