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Week 9 Written Assignment Grading Form for Financial Reporting Problem, Part 2
*Content and Development* *60 Percent*	*Points Earned* 5 /5
	Additional Comments:
· All key elements of the assignment are covered in a substantive way. Include an introduction and a conclusion. Your discussion should include the answers to the following: · IFRS 2-1: In what ways does the format of a statement of financial or position under IFRS often differ from a balance sheet presented under GAAP? · IFRS 2-2: Do the IFRS and GAAP conceptual frameworks differ in terms of the objective of financial reporting? Explain. · IFRS 2-3: What terms commonly used under IFRS are synonymous with common stock and balance sheet? · IFRS 3-1: Describe some of the issues the SEC must consider in deciding whether the United States should adopt IFRS. · IFRS 4-1: Compare and contrast the rules regarding revenue recognition under IFRS versus GAAP. · IFRS 4-2: Under IFRS, do the definitions of revenues and expenses include gains and losses? Explain. · IFRS 7-1: Some people argue that the internal control requirements of the Sarbanes-Oxley Act (SOX) of 2002 put U.S. companies at a competitive disadvantage to companies outside the United States. Discuss the competitive implications (both pros and cons) of SOX. The paper is 700 to 1,050 words in length.
*Organization / Development 20 Percent*	*Points Earned* *1.5/1.5*
	Additional Comments:
· Paragraph transitions are present, logical, and maintain the flow throughout the paper. · The tone is appropriate to the content and assignment. · Sentences are complete, clear, and concise. · Sentences are well constructed, strong, and varied. · Sentence transitions are present and maintain the flow of thought.
*Mechanics 20 Percent*	*Points Earned* *1.5/1.5*
	Additional Comments:
· The paper—including headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements. · Use your Financial Accounting text and at least two additional scholarly-reviewed references. · Intellectual property is recognized with in-text citations and a reference page. · Rules of grammar, usage, and punctuation are followed. · Spelling is correct.
Late Penalty (10% per day - cannot exceed four days)
*Total* *300 Points*	*Points Earned* *8/8*
*Overall Comments:*

Week 9 Written Assignment Grading Form for

Financial Reporting Problem, Part 2

Content and Development

Percent

Points Earned

Additional Comments:

All key elements of the assignment

are covered in a substantive way.

Include

an introduction and a

conclusion. Your discussion should

include the answers to the following:

IFRS 2

1: In what ways does

the

format of a statement of

financial or position under IFRS

often differ from a balance sheet

presented under GAAP?

IFRS 2

2: Do the IFRS and

GAAP conceptual frameworks

differ in terms of the objective

of financial reporting? Explain.

IFRS 2

3: What term

commonly used under IFRS are

synonymous with common

stock and balance sheet?

IFRS 3

1: Describe some of the

issues the SEC must consider in

deciding whether the United

States should adopt IFRS.

IFRS 4

1: Compare and contrast

the rules regarding revenue

ecognition under IFRS versus

GAAP.

IFRS 4

2: Under IFRS, do the

definitions of revenues and

expenses include gains and

losses? Explain.

IFRS 7

1: Some people argue

that the internal control

requirements of the Sarbanes

Oxley Act (SOX) of 2002 put

U.S. comp

anies at a competitive

disadvantage to companies

outside the United States.

Discuss the competitive

implications (both pros and

Week 9 Written Assignment Grading Form for Financial Reporting Problem, Part 2

Content and Development

60 Percent

Points Earned

5/5

Additional Comments:

 All key elements of the assignment

are covered in a substantive way.

Include an introduction and a

conclusion. Your discussion should

include the answers to the following:

 IFRS 2-1: In what ways does the

format of a statement of

financial or position under IFRS

often differ from a balance sheet

presented under GAAP?

 IFRS 2-2: Do the IFRS and

GAAP conceptual frameworks

differ in terms of the objective

of financial reporting? Explain.

 IFRS 2-3: What terms

commonly used under IFRS are

synonymous with common

stock and balance sheet?

 IFRS 3-1: Describe some of the

issues the SEC must consider in

deciding whether the United

States should adopt IFRS.

 IFRS 4-1: Compare and contrast

the rules regarding revenue

recognition under IFRS versus

GAAP.

 IFRS 4-2: Under IFRS, do the

definitions of revenues and

expenses include gains and

losses? Explain.

 IFRS 7-1: Some people argue

that the internal control

requirements of the Sarbanes-

Oxley Act (SOX) of 2002 put

U.S. companies at a competitive

disadvantage to companies

outside the United States.

Discuss the competitive

implications (both pros and