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Course
BUSN369
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1
Subject
Business
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Question

• Describe three benefits for every country using the same GAAP; that is, IFRS?

• Explain why a country would not want to adopt IFRS?

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EYS***764 2019-09-16 07:19:42

Slight grammar mistakes, but content is accurate.

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Solution Preview

The advantages of one set of accounting standards to be followed by all companies around the world include the comparability of financial statements, irrespective of the location of the company’s headquarters; global cost of capital; and its ability to raise capital in world-wide markets, not just the home country. The disadvantages of one set of

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