Homework

Please see the attached file for my lecture notes and the homework assignment, which can be found on the last page of the attached file.

/content/enforced/449511-000135-01-2202-OL4-7980/WEEK 3 LECTURE NOTES.docx

This next file is from Grant Thornton and it is another excellent resource for comparing U.S. GAAP and IFRS.

/content/enforced/449511-000135-01-2202-OL4-7980/WEEK 3 Grant Thornton Comparison-between-US-GAAP-and-IFRS-Standards-December-31-2018.pdf

Another topic covered this week is IAS 17 Leases.  The standard is already in effect for public companies and by the year end it will be effective for private companies as well. The next file is from EY and it provides a recent update on the developments and a guide for financial reporting.

/content/enforced/449511-000135-01-2202-OL4-7980/WEEK 3 EY FinancialReportingDevelopments_00195-171US_LeaseAccounting_28March2019.pdf

Attached are two files that further discuss the topic.  The first one an article from Accounting Today regarding getting ready for the implementation.  The second one is from KPMG and provides a myriad of resources on leases.

/content/enforced/449511-000135-01-2202-OL4-7980/Week 3 How companies can prepare for the new lease standard.pdf

/content/enforced/449511-000135-01-2202-OL4-7980/WEEK 3 KPMG-handbook-leases.pdf

Homework assignments should be posted in this week's discussion.  Feel free to ask questions about homework assignments and to answer questions if you can help a classmate.  Do not worry about providing an incorrect answer.  I review all questions asked and answers provided by students and will make any corrections if necessary.